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Deutsche Post is turning the price screw – Daimler Mobility is driving out of the Corona crisis

In times of the coronavirus pandemic, online trading is booming. This in turn also has a positive effect on the business of large logistics groups such as Deutsche Post. The DAX® company is now announcing price increases in the business customer segment. Daimler is not a corona profiteer, but can score again with the Mobility AG division.

The worldwide boom in online trading has gained momentum again thanks to the coronavirus pandemic. Corporations like Amazon or Zalando benefit, but so do logisticians like Deutsche Post. The DAX® Group is using the current market environment to raise prices.

As the company announced, business customers at DHL will pay more for parcels from January 2021 for their shipments. Deutsche Post referred to investments in its own parcel network as justification: this would require an increase in business customer prices.

According to its own information, the group has its sights on parcels weighing over 20 kilograms. The UPS competitor did not provide any further details on the new prices. However, the prices for business customers are usually negotiated individually.

After the standstill caused by the corona pandemic, Daimler Mobility AG is picking up speed again. “The financing and leasing business is now developing positively again,” said Franz Reiner, Chairman of the Board of Management of the Daimler subsidiary in a media talk. The number of users of the Share Now car sharing service operated jointly with BMW has also increased again since May and the limousine service offered in China together with the major Daimler shareholder Geely is doing very well.

Reiner announced more flexible offers for electromobility in order to meet customer requirements. E-customers wanted to switch to a new or different model more quickly. Traditionally, however, the leasing contracts ran for 36 months. Some customers were also interested in a combination offer between the electric model and models with combustion engines for longer journeys. E-models including the installation of the charging station for at home are already new in Spain. These could be kept after the lease expires.

The mobility service provider, which offers the loan, leasing and insurance contracts for the car group – every second vehicle in the Stuttgart group comes on the road – lost ten percent of its sales in the second quarter compared to the same quarter of the previous year. It fell to 6.45 billion euros and earnings before interest and taxes by 52 percent to 203 million euros. Leasing and financing contracts worldwide fell by 24 percent to 14 billion euros.

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Source: HSBC

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