Deutsche Post
 | |
| Type | Aktiengesellschaft |
|---|---|
| Traded as | FWB: DPW |
| Industry | Logistics, distribution |
| Founded | 1995 |
| Headquarters | Bonn, Germany |
| Area served | Worldwide |
| Key people | Wulf von Schimmelmann (Chairman of the supervisory board), Frank Appel (CEO), Lawrence A. Rosen (CFO) |
| Products | Post delivery, express mail, freight forwarding, third-party logistics |
| Revenue | €51.48 billion (2010) |
| Operating income | €1.835 billion (2010) |
| Profit | €2.541 billion (2010) |
| Total assets | €37.76 billion (end 2010) |
| Total equity | €10.70 billion (end 2010) |
| Employees | 421,270 (FTE, average 2010) |
| Website | www.dp-dhl.com |
Deutsche Post AG, operating under the trade name Deutsche Post DHL, is the world's largest logistics group. With its headquarters in Bonn, the corporation has 467,088 employees (FTE 421,270) in more than 220 countries and territories worldwide and generated revenue of € 51.48 billion in 2010. Deutsche Post is the successor to the German mail authority Deutsche Bundespost, which was privatized in 1995. Currently, 30.5% of its shares are held by the state-owned KfW bank, 69.5% are freely floating; 62.0% of which are held by institutional and 7.5% by private investors. Since its privatization, Deutsche Post has significantly expanded its business area through acquisitions. Deutsche Post is listed in the DAX stock market index.
Corporate divisions
The Mail division delivers approximately 70 million letters in Germany, six days a week and provides services across the entire mail value chain, including production facilities at central hubs, sales offices and production centers on four continents, as well as direct connections to more than 200 countries.
The Mail division inherits most of the traditional mail services formerly offered by the state-owned monopoly, for which it uses the Deutsche Post brand. Its exclusive right to deliver letters under 50 grams in Germany expired on 1 January 2008, following the implementation of European legislation. A number of companies are vying to challenge Deutsche Post's near monopolistic hold on letter deliveries, including Luxembourg-based PIN Group and Dutch-owned TNT Post. In 2002, Deutsche Post was granted a license to deliver mail in the United Kingdom, breaking Royal Mail's long-standing monopoly.
As of January 2008, the Mail division is subdivided into the following business units:
Deutsche Post offers a service called a Garagenvertrag (literally "garage agreement" in English) to its German customers. The postman can leave packets and parcels in a specified place (such as the garage, or a neighbour's house) if the addressee is not at home to receive them. This on the one hand saves the recipient a trip to the post office to pick up their mail. On the other hand, any item left at the specified place is regarded as “delivered” and hence not covered by Deutsche Post's insurance anymore.
Express
The Express division transports courier, express and parcel shipments all over the world, combining air and ground transport, under the DHL brand.
It is divided into business units along regions:
Forwarding/Freight
The Forwarding/Freight division carries goods by rail, road, air and sea under the DHL brand.
It consists of two main business units:
Supply Chain/CIS
The Supply Chain/Corporate Information Solutions provides contract logistics and corporate information solutions tailor-made for customers.
It consists of two main business units:
Financial Services
The financial services division operates through its Deutsche Postbank subsidiary, a retail bank network in Germany, which has approximately 14.5 million customers.
Brands
Mergers and acquisitions
In 1998, Deutsche Post World Net began to acquire shares in DHL, finally reached majority ownership in 2001, and completed the purchase in 2002. Deutsche Post acquired Airborne Express in August 2003 and integrated it into DHL, which is now known as DHL Express. On 20 September 2005 the company announced that British logistics company Exel had agreed on a £3.7 billion (€5.5 billion) takeover. The combined revenue of the two companies was €50 billion over 2004. In 2006 merged with .
References
External links
Retrieved from : http://en.wikipedia.org/wiki/Deutsche_Post
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