News / DHL splits e-commerce business, breaking up poor-performing PeP division

DHL

DHL has made major changes to its post, e-commerce, and parcel (PeP) division, following financial struggles that saw the unit’s ebit fall 10% in the first quarter.

Alongside two new appointments, the operator has split PeP into two branches, one for Germany and the other focused on international markets.

“Having one division dedicated to Germany will ensure even more stringent execution of the previously announced PeP turnaround plan,” it said in a statement.

“This plan includes improved yield management, indirect cost reduction and productivity improvement measures.

“And by ...