Deutsche Post AG (DPWGn.DE)
* Board member Ogilvie takes over as head of electric van unit (Adds background on Gerdes career, PeP unit)
FRANKFURT Deutsche Post DHL set out plans to restructure its post and parcel delivery division to better cope with rising staff and transport costs and slashed its 2018 operating profit forecast by almost a quarter, sending its shares sharply lower.
FRANKFURT Deutsche Post DHL Chief Executive Frank Appel said he had "some ideas" for the future leadership of the group's Post - eCommerce - Parcel (PeP) division but declined to provide details.
* Shares drop as much as 9 percent (Adds further details of restructuring measures, CEO comment, analyst comment)
FRANKFURT, June 8 Deutsche Post will take a hit of around 650 million euros ($763 million) this year as it strives to boost profitability at its post and parcel delivery division, it said on Friday, hammering its shares.
DUEREN, Germany Deutsche Post DHL could envisage floating its Streetscooter electric van business, which is expanding internationally, on the stock market, but not for another two to three years, an executive said.
DUEREN, Germany, May 30 Deutsche Post DHL is on the way to doubling production of its Streetscooter electric van to 20,000 per year after opening a new production site in Germany, it said on Wednesday.
FRANKFURT Many Britons will have their daily milk delivered by German vans after Deutsche Post won a contract to deliver 200 electric trucks to doorstep delivery service Milk & More.
FRANKFURT, May 28 Many Britons will have their daily milk delivered by German vans after Deutsche Post won a contract to deliver 200 electric trucks to doorstep delivery service Milk & More.
FRANKFURT German mail and logistics group Deutsche Post DHL plans to raise the postage price for domestic letters to 0.80 euros from 0.70 euros from 2019, Bild am Sonntag reported.