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Business

International Vision for Deutsche Post

The Deutsche Post is considering launching a domestic mail service in America. Speaking to the Financial Times Deutschland, the postal group's executive manager, Klaus Knappik, said the key to sharpening the company's international profile was to break into the United States market. He added that the domestic mail service in America was worth some $60 million (€48 million), constituting between 30 and 35 percent of all worldwide postal deliveries. Deutsche Post head Klaus Zumwinkel, is eager to push the company into international markets, a move which he believes will kick start much needed growth in the former state monopoly-holder. Zumwinkel plans to invest €1 billion in carving an international profile for the Deutsche Post by the year 2007.