Deutsche Post's German Parcel Traffic Exceeds 2019 Levels Five Weeks Before Year-End
By Joshua Stein
Deutsche Post AG has delivered more parcels in Germany so far
this year than in the whole of 2019, boosted by the coronavirus
pandemic, the company said Friday.
With five weeks left before year-end, the German
postal-and-logistics company said it has already transported 1.6
billion packages this year, more than the 1.58 billion in the whole
of 2019, which was a record for the company. Deutsche Post expects
an increase of almost 15% on last year's total, to 1.8 billion
packages by the end of 2020.
"Strengthened by the corona crisis, parcel volumes in this
year's pre-Christmas period will also be much higher than in
previous years," Deutsche Post said. A growing trend toward
e-commerce has already boosted volumes over the past years.
The company said in October it would hire new staff to cope with
the increase in demand and it this month reported a net profit
increase of more than 50% for the third quarter.
Write to Joshua Stein at firstname.lastname@example.org
(END) Dow Jones Newswires
November 27, 2020 06:30 ET (11:30 GMT)
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