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Purchasing power: Deutsche Post buys Lufthansa Cargo stake in DHL, Deutsche Bahn snaps up logistics giant Stinnes AG. (Logistics).(Brief Article)(Statistical Data Included)

Traffic World

| July 15, 2002 | Cottrill, Ken | COPYRIGHT 2003 All Rights Reserved. (Hide copyright information)Copyright

The European logistics map continues to be redrawn. Deutsche Post World Net has increased its share in DHL and launched a low-profile 4PL provider in the United States, while Germany's national railroad, Deutsche Bahn, is acquiring logistics company Stinnes AG.

The sale by air carrier Lufthansa Cargo AG of its 25 percent stake in DHL International to Deutsche Post World Net is significant but hardly shocking. The purchase price is 550 million euros plus a deferred payment of 60 million euros (a total of $595 million).

As one of the world's top cargo airlines, Lufthansa provides a lot of capacity for DHL, and the airline has close ties with DR "They have all …

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