Deutsche Post Invests EUR250 Million in Package Sorting Technology
17 März 2021 - 11:29AM
Dow Jones News
By Cecilia Butini
Deutsche Post AG said Wednesday that it has invested 250 million
euros ($297.6 million) in a package sorting technology to be
deployed in some parcel centers.
The investment was made as part of a contract with Beumer Group
GmbH & Co. KG for the development of the technology, Deutsche
Post said.
The system, which is now being tested at a pilot site, should
come to use by 2023 in eight other parcel centers, the German
freight-and-logistics group added.
It will allow the additional sorting of 126,000 parcels per hour
in the whole of the company's parcel network, according to Deutsche
Post.
Write to Cecilia Butini at cecilia.butini@wsj.com
(END) Dow Jones Newswires
March 17, 2021 06:14 ET (10:14 GMT)
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