Deutsche Post

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Deutsche Post AG
(trading as Deutsche Post DHL)
TypeAktiengesellschaft
Traded asFWBDPW
IndustryPostal services, courier
Founded1995
HeadquartersPost Tower, Bonn, Germany
Area servedWorldwide
Key peopleWulf von Schimmelmann (Chairman of the supervisory board), Frank Appel (CEO), Lawrence A. Rosen (CFO)
ServicesLetter post, parcel service, EMS, delivery, freight forwarding, third-party logistics
Revenue52.82 billion (2011)[1]
Operating income€2.393 billion (2011)[1]
Profit€1.163 billion (2011)[1]
Total assets€38.40 billion (2011)[1]
Total equity€11.19 billion (2011)[1]
Owner(s)
  • institutional investors] (67%)
  • KfW bank (24.89%)
  • Private investors (7.5%)
Employees424,351 (2011)[1]
Websitewww.dp-dhl.com
 
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Coordinates: 50°42′56″N 7°07′48″E / 50.71556°N 7.13000°E / 50.71556; 7.13000

Deutsche Post AG
(trading as Deutsche Post DHL)
TypeAktiengesellschaft
Traded asFWBDPW
IndustryPostal services, courier
Founded1995
HeadquartersPost Tower, Bonn, Germany
Area servedWorldwide
Key peopleWulf von Schimmelmann (Chairman of the supervisory board), Frank Appel (CEO), Lawrence A. Rosen (CFO)
ServicesLetter post, parcel service, EMS, delivery, freight forwarding, third-party logistics
Revenue52.82 billion (2011)[1]
Operating income€2.393 billion (2011)[1]
Profit€1.163 billion (2011)[1]
Total assets€38.40 billion (2011)[1]
Total equity€11.19 billion (2011)[1]
Owner(s)
  • institutional investors] (67%)
  • KfW bank (24.89%)
  • Private investors (7.5%)
Employees424,351 (2011)[1]
Websitewww.dp-dhl.com
The Deutsche Post Tower in Bonn
Delivery bike, Cologne

Deutsche Post AG, operating under the trade name Deutsche Post DHL, is the world's largest courier company.[2][3] 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. Currently, 24.8% of its shares are held by the state-owned KfW bank, 74.5% are freely floating; 67.0% 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.

History[edit]

The Deutsche Bundespost was the federal German government postal service created in 1947 as a successor to the Reichspost. On July 1, 1989 as part of a post office reform, Deutsche Bundespost was split into three divisions (also called public enterprises), one being Deutsche Bundespost Postdienst.

In 1996 investments in logistics technology were made, aimed at faster delivery of letters and parcels nationally. Reorganization and modernization[clarification needed] of production at 33 parcel centers significantly sped up the distribution process. Another investment program was aimed at modernizing the infrastructure of the mail centers. When investment was completed in 1998, the network consisted of 83 production centers. On November 20, 2000, Deutsche Post AG went public. It was the largest initial public offering of the year in Germany and the third-largest worldwide.

Acquisition of DHL[edit]

The partnership with DHL International, which began with the acquisition of a minority interest in 1998, expanded in 2000. Negotiations were then concluded allowing Deutsche Post to establish a majority interest from January 1, 2002. In July 2002, Deutsche Post acquired a 25-percent share in DHL from Lufthansa Cargo and increases its majority stake to 75 percent. On April 1 2003, the Group began re-branding some 20,000 parcel delivery vans throughout Germany in the new DHL design. Deutsche Post increased its share in the international courier and express business to 100 percent in December 2002.

2010s[edit]

In April 2013 Deutsche Post announced that the German government's refinancing agency KfW Bank had given up its blocking minority, cutting its stake to 24.89%[4] In late 2013 the company began equipping its employees with 55,000 Honeywell Dolphin 99EX mobile computers. The devices will enable approximately 60,000 employees to track and trace millions of DHL parcels delivered each day across Germany, including more than seven million parcels during the peak holiday season. The software makes an IT administrator’s job easier with the ability to manage all of the company’s mobile devices from a central system. Ensuring that each device has updated software and is properly configured reduces errors and prevents device downtime that can slow the driver.[5]

Corporate divisions[edit]

Mail[edit]

The Mail division delivers approximately 70 million letters in Germany[citation needed], six days a week and provides mail services 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.[6] 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:[7]

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.

Beginning in the early 1990s, Deutsche Post started an e-mail service called ePost. Today, a verified e-mail hosting service is run under this brand which allows customers to send and receive messages with digital signatures according to the De-Mail law. Beside, Deutsche Post offers new media services related to their core mail business, including a service for printing stamps from personal computers and SMS franking (Internetmarke).[8]

Express[edit]

The Express division transports courier, express and parcel shipments internationally, combining air and ground transport, under the DHL brand.

It is divided into business units along regions:

Forwarding/Freight[edit]

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[edit]

The Supply Chain/Corporate Information Solutions provides contract logistics and corporate information solutions tailor-made for customers.

It consists of two main business units:

Brands[edit]

Mergers and acquisitions[edit]

In 1999, Deutsche Post World Net acquired the Dutch distribution company Van Gend & Loos (est. 1809) from Nedlloyd and in 2000 the Swiss distribution company Danzas (est. 1815). In 1998, the company began to acquire shares in the American company DHL (est. 1969), reaching majority ownership in 2001, and completing the purchase in 2002. In August 2003, Deutsche Post acquired the Seattle-based Airborne Express (est. 1946). It integrated Van Gend & Loos, Danzas, Airborne Express, and its own EuroExpress into DHL to form 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 DHL GlobalMail UK merged with Mercury International.

See also[edit]

References[edit]

External links[edit]