Deutsche Post DHL seeks cost reduction at post, parcels division
German postal and logistics group Deutsche Post DHL Group is working on ways to cut costs at its post and parcels division after it missed first-quarter profit expectations. The group said on Tuesday that profit in its post-eCommerce-parcels (PeP) division was hit by higher staff and transport costs.
German postal and logistics group Deutsche Post DHL Group is working on ways to cut costs at its post and parcels division after it missed first-quarter profit expectations. Image source: Reuters