BUSINESS Deutsche Post DHL inks deal on China supply-chain operations


Deutsche Post DHL inks deal on China supply-chain operations

Zheng Xin |

18:22, February 21, 2019

Patrick Klankert, a 27-year-old truck driver of German postal and logistics group Deutsche Post DHL steers his truck at a DHL freight logistics centre located near the crossroads of Germany, France and Luxembourg in Sehlem, Germany, December 12, 2018. (Photo: Agencies)

The mail and logistics company Deutsche Post DHL Group has concluded a landmark deal this week to transfer its supply-chain operations in China to SF Holding.

The transaction involves the supply-chain business, and has no bearing on DPDHL Group's business activities in international express, freight transport and e-commerce logistics solutions in China, it said.

As part of this transaction, DPDHL Group received 5.5 billion yuan ($808.8 million) and will continue to receive revenue-based partnership fees for 10 years while DPDHL Group provides the co-branded business with trademark licenses, customer referrals, employee training, best practice sharing and other areas of support.

"This supply-chain alliance with SF is a strategic milestone for DPDHL Group," said Frank Appel, CEO of Deutsche Post DHL Group.

"With our joint capabilities we will create a unique platform to meet the need for a high quality end-to-end supply-chain provider in China."

SF DHL Supply Chain China will have access to DPDHL Group's global expertise, network, operation standards and innovations, across industries from technology, healthcare, retail and automotive to e-commerce.

Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue