Financial Times FT.com

Deutsche Post digs deep to fund US fight

By Gordon Smith

Published: September 29 2004 11:28 | Last updated: September 29 2004 11:28

Deutsche Post said on Wednesday tough competition in the US postal market had forced it to increase spending on its transport network and on marketing activities to counter the threat from rivals like Federal Express and United Parcel Service.

The German group said the extra spending would widen the losses of its US operation this year and next and shift the breakeven target to 2006 from 2005.

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