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☆ European markets set for lackluster open as traders focus on U.S. Election Day
▼ + stars: | 2024-11-05 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

European stocks are heading for a lackluster start to the trading day as global markets gear up for the U.S. presidential election Tuesday, with the vote too close to call between former President Donald Trump and current Vice President Kamala Harris. The U.K.'s FTSE 100 index is expected to open 15 points lower at 8,177, Germany's DAX down 12 points at 19,149, France's CAC down 1 point at 7,374 and Italy's FTSE MIB up 73 points at 34,358, according to data from IG. Earnings are set to come from Saudi Aramco, Adecco, Schaeffler, Deutsche Post DHL, Zalando, Hugo Boss, Bouygues, Ørsted, Vestas Wind and Fresenius Medical Care. Market attention will be focused on which party dominates Congress as a result of the U.S. election, given that a sweep by Republicans or Democrats could contribute to drastic spending changes or a big revamp of tax policy. Follow CNBC's 2024 election live blog here.

Persons: Donald Trump, Kamala Harris, Germany's DAX, Hugo Boss, Bouygues, Ørsted Organizations: U.S, France's CAC, IG, Saudi Aramco, Adecco, Deutsche Post DHL, Zalando, Fresenius, Republicans Locations: Saudi

United Parcel Service's (UPS) newly launched electric delivery truck is seen in Compton, California, U.S., September 13, 2023. Collectively, zero-emission delivery startups have raised around $1 billion so far, according to Pitchbook and data collected by Reuters. H&M, the world's second-largest fashion retailer, said it is scaling up a number of zero-emission delivery initiatives "through a variety of partnerships like the one... with Liefergrun." "Some customers are pushing very, very hard for as many zero-emission deliveries as possible," Hoed said. DHL's Zou said zero-emission delivery startups are not a threat, but added "we are always keen to look at them either for a commercial partnership or working together."

Persons: Lisa Baertlein, Germany's Liefergrun, Niklas Tauch, Tauch, Yin Zou, Tristan Thomas, DutchX, Marcus Hoed, Hoed, DHL's Zou, Sven Etzelsberger, Thomas Goldsby, Goldsby, Rob King, Zedify, King, Nick Carey, Ben Klayman, David Gregorio Our Organizations: REUTERS, LOS, Reuters, FedEx, Deutsche Post DHL Group, United Parcel Service, Mercedes, Benz, DHL, Deutsche Post DHL, Amazon, Foods, IKEA, University of Tennessee, UPS, Thomson Locations: Compton , California, U.S, New York, Berlin, Germany, Austria, Netherlands, London, Liverpool, Birmingham, Manchester, Europe, Manhattan, Philadelphia, California

☆ Royal Mail's owner picks international parcels boss as group CEO
▼ + stars: | 2023-07-20 | by ( ) www.reuters.com time to read: +2 min

July 20 (Reuters) - Royal Mail's parent group International Distributions Services (IDS) (IDSI.L) appointed Martin Seidenberg, CEO of the group's international parcels network, as its new group CEO on Thursday. Seidenberg will be tasked with mending relationships with labour union CWU and driving the group and the loss-making UK business back to profitability. He will be appointing CEOs for the two units - its UK business Royal Mail and GLS - in due course, the company said. Seidenberg said Royal Mail has "plenty of opportunity ahead" given its brand and scale. Simon Thompson, the current CEO of Royal Mail announced his resignation earlier this year after months of labour strife.

Persons: Martin Seidenberg, Seidenberg, Simon Thompson, GLS, Yadarisa, Dhanya Ann Thoppil, Janane Venkatraman, Sonali Paul Organizations: International, Services, GLS, IDS, Royal Mail, Deutsche Post DHL, Royal, Thomson Locations: Bengaluru

☆ China's manufacturing capacity will be hard to replace, Deutsche Post DHL CEO says
▼ + stars: | 2023-06-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's manufacturing capacity will be hard to replace, Deutsche Post DHL CEO saysDeutsche Post DHL CEO Tobias Meyer says companies are diversifying away from China but the country remains a vital part of supply chains.

Persons: Tobias Meyer Organizations: Deutsche Post DHL Locations: China

☆ Deutsche Post DHL Group CEO: First quarter may be most difficult quarter this year
▼ + stars: | 2023-03-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDeutsche Post DHL Group CEO: First quarter may be most difficult quarter this yearFrank Appel, CEO of Deutsche Post DHL Group, weighs in on his firm's earnings and outlines how varying rates of economic recovery will affect his investors.

☆ Ford taps masses of vehicle data to stay ahead in commercial van market
▼ + stars: | 2023-03-06 | by ( Nick Carey | ) www.reuters.com time to read: +5 min

Ford, which leads the commercial vehicle market in both Europe and the United States, launched the system in 2021. Hans Schep, European head of Ford Pro, the company's commercial vehicle business, said it is already close to hitting long-term targets of increasing vehicle "up time" by up to 60%. Ford recently announced engineering job cuts in Europe, but is still hiring software experts for its data services. Data is a huge battleground for commercial vehicle makers and competition will only intensify with electric models, which are essentially computers on wheels. Starting with 2024 models, GM will provide a range of OnStar data services free for fleet vehicles.

NEW DELHI/BENGALURU, Jan 23 (Reuters) - Amazon.com Inc (AMZN.O) on Monday launched a dedicated air cargo service in India, Amazon Air, as it looks to expand and speed-up deliveries across one of its key markets amid fast-growing e-commerce sales, an executive said on Monday. The move to use a dedicated cargo service will give Amazon tighter control over costs and flight schedules while reducing delivery times across a wider range of products, said Rhoads. "We want to deliver the majority of shipments in two days or less and Amazon Air enables that." India is the third market, after the United States and Europe, where the company has launched Amazon Air. Amazon, which uses its own ground delivery services for shipping, also partners with Deutsche Post DHL Group (DPWGn.DE) controlled Blue Dart Express Ltd (BLDT.NS), one of India's biggest air cargo carriers.

☆ Amazon launches air freight service in India
▼ + stars: | 2023-01-23 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, Jan 23 (Reuters) - Amazon.com Inc (AMZN.O) on Monday launched its own air cargo fleet in India, Amazon Air, as it seeks to expand and speed-up deliveries across one of its key markets. India is the third market, after the United States and Europe, where the company has launched Amazon Air. Quikjet will transport Amazon customer shipments to Hyderabad, Bengaluru, Delhi, and Mumbai, Amazon said in a press release. The books-to-boots online retailer, which competes with Walmart Inc (WMT.N)-owned Flipkart in India, said the launch of Amazon Air would support over 1.1 million sellers in the country. Amazon, which uses its own ground delivery services for shipping, also partners with Deutsche Post DHL Group (DPWGn.DE) controlled Blue Dart Express Ltd (BLDT.NS), one of India's biggest air cargo carriers.

☆ Deutsche Post DHL: B2B volumes are declining 'all over the place'
▼ + stars: | 2022-11-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDeutsche Post DHL: B2B volumes are declining 'all over the place'Frank Appel, CEO of Deutsche Post DHL, discusses third quarter earnings and the prospects of a recession.

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