NZ Post ends JV with DHL after 8 years

Mon, 25 Jun 2012

June 25 (BusinessDesk) - New Zealand Post said it is ending its joint-venture courier arrangements with DHL after eight years by buying its partner out. NZ Post will buy DHL's 50% share of their joint-ventures Express Couriers in New Zealand and Parcel Direct Group which owns Couriers Please in Australia for an undisclosed sum. Express Couriers operates the CourierPost, Pace, Contract Logistics and Roadstar brands. The partners will continue to have a contract relationship, DHL providing international express delivery for NZ Post and NZ Post...

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