Deutsche Post

This article is about the "Deutsche Post AG". For other agencies called "Deutsche Post", see Deutsche Post (disambiguation).

Coordinates: 50°42′56″N 7°07′48″E / 50.71556°N 7.13000°E / 50.71556; 7.13000

Deutsche Post AG
Deutsche Post DHL Group
Aktiengesellschaft
Traded as FWB: DPW
Industry Postal services, courier
Founded 1995 (1995)
Headquarters Post Tower, Bonn, Germany
Area served
 Worldwide
Key people
 Wulf von Schimmelmann (Chairman of the supervisory board), Frank Appel (CEO), Lawrence A. Rosen (CFO)
Services Letter post, parcel service, EMS, delivery, freight forwarding, third-party logistics
Revenue €56.63 billion (2014)[1]
€2.965 billion (2014)[1]
Profit €2.016 billion (2014)[1]
Total assets $41.42 billion (2016)[2]
Total equity €11.19 billion (2011)[3]
Owner Free Float (79%)
KfW bank (21%)
Number of employees
 424,351 (2011)[3]
Website www.dp-dhl.com
Deutsche Post brand
Delivery bike, Cologne

Deutsche Post AG, operating under the trade name Deutsche Post DHL Group, is a German courier company and the world's largest. 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 €56.63 billion in 2010. Deutsche Post is the successor to the German mail authority Deutsche Bundespost, which was privatized in 1995. Currently, 21% of its shares are held by the state-owned KfW bank, 79% are freely floating; 65.6% of which are held by institutional and 13.4% by private investors. Since its privatization, Deutsche Post has significantly expanded its business area through acquisitions. Deutsche Post is listed in the Euro Stoxx 50 stock market index.

Corporate divisions

Mail

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.[4] 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:[5]

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 year 2000, Deutsche Post started an e-mail service called ePost.[6] 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. In addition to this, Deutsche Post offers a broad variety of new media services related to their core mail business, including a service to pay for postage online (Internetmarke).[7]

Express

Main article: DHL 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:

Brands

Mergers and acquisitions

In 1999, Deutsche Post World Net acquired the Dutch distribution company Van Gend & Loos from Nedlloyd and in 2000 the Swiss distribution company Danzas. 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.

References

  1. 1 2 3 "Annual Report 2014" (PDF). Deutsche Post. Retrieved 6 May 2015.
  2. ↑ http://www.forbes.com/companies/deutsche-post/
  3. 1 2 "Annual Report 2010" (PDF). Deutsche Post. Retrieved 2 April 2011.
  4. ↑ Businessweek.com 2 Aug 2007
  5. ↑ http://investors.dpwn.de/en/investoren/segmente/brief/index.html
  6. ↑ online, heise. "Freemail-Accounts von der Deutschen Post (update)". heise online (in German). Retrieved 2016-05-23.
  7. ↑ Printing stamps with Internetmarke of Deutsche Post
DAX companies of Germany
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