Deutsche Post Reviews Structure to Seize on E-Commerce Growth
Provided by
Dow Jones
By Mauro Orru
Deutsche Post said it would streamline its structure to reduce complexity and cash in on the growing e-commerce market by the end of the decade.
The German logistics group, also known as DHL Group, said it was aiming for 50% revenue growth by 2030 compared with 2023 by setting up standalone corporate entities for its post and parcel services in Germany as well as e-commerce activities.
The announcement comes as the global e-commerce market is expected to grow 7% a year until the end of the decade.
Write to Mauro Orru at mauro.orru@wsj.com
(END) Dow Jones Newswires
September 23, 2024 13:00 ET (17:00 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
What’s the Difference Between the CPI and PCE Indexes?
-
Micron Earnings: Great Guidance but Stock Now Looks Fairly Valued
-
August PCE Report Forecasts Show More Good News on Inflation
-
AI Stocks May Be Down, but Don’t Count Them Out
-
4 Stocks to Buy as the Fed Cuts Interest Rates
-
Markets Brief: The Uncertain Path to Neutral Interest Rates
-
What’s Happening in the Markets This Week
-
Where Top Stock Fund Managers Are Looking Next After the Fed Rate Cut
-
Our Top Pick for Investing in US Renewable Energy
-
Undervalued by 25% and Yielding 5%, This Stock Is a Buy
-
Can AI Predict Future Stock Returns?
-
The Best Energy Stocks to Buy Now
-
10 Undervalued Wide-Moat Stocks
-
Obesity Drugs: Can New Firms Take Market Share From Eli Lilly and Novo Nordisk?
-
New 4-Star Stocks
-
Intel Fair Value Left Unchanged Despite Qualcomm Takeover Talk
United States