Deutsche Post is considering disposing of its air and ocean freight forwarding services division, DHL Global Forwarding, as it seeks to streamline its operations Reuters has reported.
Informed sources told the newswire that the German logistics giant is studying a variety of options including a partnership, the creation of a joint-venture, and the sale of either part or the complete operation. Among the possible buyers mentioned are Japan Post Holdings though no firm plans have yet been decided, the report said. Should a sale be concluded, Deutsche Post would likely retain DHL Global Forwarding's land freight forwarding unit while selling off its air and ocean business, the sources said.
Deutsche Post was forced to write off EUR345 million (USD384.43 million) in the third quarter of last year after it encountered problems during the implementation of its "New Forwarding Environment" IT platform at DHL Global Forwarding.
