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> DEUTSCHE POST, THE DOWNSIZING CONTINUES
snowman
Posted: January 08, 2010 09:30 pm


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With Deutsche Post now selling off their domestic parcel business in France and the UK their downsizing continues. In 2009 it was Postbank. What's next? The only reason they will donate the Wilmington, Ohio hub is for the tax deductions. Another one time asset gone. As they head into 2010 they will continue to lose international market share. They also will still have further write-offs from the Arcandor bankruptcy. In July D/P will lose their VAT exemption (value added tax). Estimated annual value 500 million euros ($728.5 million dollars). Further cuts are a given. Only some sort of major deal this year will save their ass. They also better hope that TNT stakeholders Jana Partners and Aimco don't manage to force a deal between TNT and either Fedex or UPS. Always follow the money.
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Forboystoo
Posted: January 08, 2010 09:48 pm


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Boozer4466
Posted: January 08, 2010 10:14 pm


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QUOTE (Teamster0U812 @ January 09, 2010 02:11 am)
QUOTE (snowman @ January 09, 2010 12:30 am)
With Deutsche Post now selling off their domestic parcel business in France and the UK their downsizing continues. In 2009 it was Postbank. What's next? The only reason they will donate the Wilmington, Ohio hub is for the tax deductions. Another one time asset gone. As they head into 2010 they will continue to lose international market share. They also will still have further write-offs from the Arcandor bankruptcy. In July D/P will lose their VAT exemption (value added tax). Estimated annual value 500 million euros ($728.5 million dollars). Further cuts are a given. Only some sort of major deal this year will save their ass. They also better hope that TNT stakeholders Jana Partners and Aimco don't manage to force a deal between TNT and either Fedex or UPS. Always follow the money.

Only some sort of major deal this year will save their ass is correct!!!!! And that is to donate Wilmington back to the people...Its to gain Favor in the USA!! Why would DP give a shit about a tax deduction over here??? that airport is worth more for PR in the biggest free market in world than $$$$...they will be heros!!!! UPS & Fedex would never do something like that!!!! that would make the Fedex cup for golf look like a joke....and the UPS nascar look like a go-kart

Did you really say hero's? mad.gif
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snowman
Posted: January 08, 2010 10:28 pm


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QUOTE (Teamster0U812 @ January 08, 2010 09:11 pm)
QUOTE (snowman @ January 09, 2010 12:30 am)
With Deutsche Post now selling off their domestic parcel business in France and the UK their downsizing continues. In 2009 it was Postbank. What's next? The only reason they will donate the Wilmington, Ohio hub is for the tax deductions. Another one time asset gone. As they head into 2010 they will continue to lose international market share. They also will still have further write-offs from the Arcandor bankruptcy. In July D/P will lose their VAT exemption (value added tax). Estimated annual value 500 million euros ($728.5 million dollars). Further cuts are a given. Only some sort of major deal this year will save their ass. They also better hope that TNT stakeholders Jana Partners and Aimco don't manage to force a deal between TNT and either Fedex or UPS. Always follow the money.

Only some sort of major deal this year will save their ass is correct!!!!! And that is to donate Wilmington back to the people...Its to gain Favor in the USA!! Why would DP give a shit about a tax deduction over here??? that airport is worth more for PR in the biggest free market in world than $$$$...they will be heros!!!! UPS & Fedex would never do something like that!!!! that would make the Fedex cup for golf look like a joke....and the UPS nascar look like a go-kart

It was a business decision to close it and it's a business decision to give it away. Since when has Deutsche Post cared about their image?
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snowman
Posted: January 08, 2010 11:41 pm


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Sounds like they need some new stooges. Maybe the other stooges took the buyout.
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bigguy
Posted: January 08, 2010 11:52 pm


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QUOTE (Teamster0U812 @ January 08, 2010 08:11 pm)
Its to gain Favor in the USA!!

Keep dreaming. DHL's reputation in the US is damaged because of its consistently poor service, past, present and future.
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snowman
Posted: January 23, 2010 04:15 pm


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http://www.reuters.com/article/idUSTRE60M1BU20100123

Some highlights from article.

No need for strategic acquisition.
Liquidity issues.
A new finance strategy to be presented on March 9, 2010.
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snowman
Posted: January 25, 2010 02:45 pm


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http://www.thelocal.de/politics/20100121-24727.html

Something else for Deutsche Post to deal with. I wouldn't be surprised if they sell off the Mail division by the end of the year.
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plentywood
Posted: January 25, 2010 03:51 pm


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Spoke with a friend who is a manager at UPS over the weekend. He spoke in no uncertain terms that DHL has NO CHANCE of succeeding in any US domestic endeavor. He said that UPS is reevaluating its own structure and business model. Furthermore in PDX there were more layoffs after Xmas. The only reason that the US ops are even on life support is to provide support for the GLOBAL market. Sadly not a pretty picture for those still working or hoping to be "recalled".
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ex-lifer
Posted: January 26, 2010 03:54 am


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"...The only reason that the US ops are even on life support is to provide support for the GLOBAL market. Sadly not a pretty picture for those still working or hoping to be "recalled."



That's a no-brainer.



Ex-Lifer
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snowman
Posted: January 29, 2010 02:05 pm


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http://www.bloomberg.com/apps/news?pid=206...id=as4s0VaaCZjw

Another loss for Deutsche Post. TNT and other competitors may finally be free of the wage accord forced on them by the German Federal Labor Ministry. This all came about after a wage accord between Deutsche Post and Germany's Verdi Union. The ministry's actions forced additional costs on TNT and the others to the advantage of Deutsche Post. This was not a case of TNT and others not meeting a minimum national wage. The Labor Ministry's actions clearly aided Deutsche Post which is partially owned by KFW, a gov't controlled group development bank. KFW owns about 30% of Deutsche Post. Could this be a conflict of interest, collusion, or something else. You decide.
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snowman
Posted: February 02, 2010 08:27 pm


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http://www.businesswire.com/portal/site/ho...476&newsLang=en

Check out the Int'l Package numbers for the 2009 4th quarter for Revenue, Operating Profit, Operating Margin, and Average Volume per day. All were up compared to the 2008 4th quarter.
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CLD-CMP
Posted: February 04, 2010 11:36 pm


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QUOTE (snowman @ Feb 2 2010, 08:27 PM)
http://www.businesswire.com/portal/site/ho...476&newsLang=en

Check out the Int'l Package numbers for the 2009 4th quarter for Revenue, Operating Profit, Operating Margin, and Average Volume per day. All were up compared to the 2008 4th quarter.

Thanks for the UPS numbers.
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snowman
Posted: June 25, 2010 11:23 pm


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http://www.businessweek.com/news/2010-06-2...k-update1-.html


Deutsche Post is looking to save 1 billion euros from their mail unit in the next year. That's 5 times more than they previously projected. With DP's aim to sell off the remaining 80 branches by the end of 2011, is DP getting out of the mail business?

They also lose their Vat exemption on July 1, 2010.
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snowman
Posted: June 27, 2010 04:11 pm


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http://www.thelocal.de/national/20100613-27823.html

In a June 26, 2010 Reuters article Frank Appel talks about the above story. He says " it's made up". The following is a June 22, 2010 Postbank article. Read the last paragraph closely.

http://www.postbank.com/pbcom_ag_home/pbco..._pr_pi1402.html

If this does not constitute a traditional purchase, then what is it? A sale, a bailout, or what? It says Postbank will assume the leases. Are these the leases that CFO Rosen said were being carried off balance sheet? Is Postbank becoming a dumping ground for Deutsche Post?

Deutsche Post and Mr. Appel have bigger problems ahead of them. It is expected that TNT will spin off its Mail division by the end of 2010. Once that happens the Express division will be sold off to either UPS or Fedex. My money is on UPS. Then UPS will be in a position to take more of the international market share from DHL.
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