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| Name | Symbol | Market | Type |
|---|---|---|---|
| Deutsche Post AG (PK) | USOTC:DPSGY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 49.33 | 0.00 | 01:00:00 |
From May 2019 to May 2024
By Joshua Stein
Deutsche Post AG said Thursday that it has expanded its pharmaceutical and medical storage facility in Leipzig to meet the rising demand amid the coronavirus pandemic.
The German freight-and-logistics group said its air and ocean freight subsidiary, DHL Global Forwarding GmbH, has increased the capacity of its life sciences and health-care facility by around 2,500 square meters.
The expanded facility, which has more than doubled in size, will allow DHL to store and handle pharmaceutical and medical products before or after they are transported via the nearby Leipzig Airport, the company said.
"Since the start of the pandemic, we have observed a strong increase in demand for pharmaceutical products and goods," said Tobias Schmidt, who is chief executive of DHL Global Forwarding in Germany.
"Given the good news regarding the development of Covid-19 vaccinations, this demand is likely to increase even further in the coming months," he added.
Write to Joshua Stein at joshua.stein@wsj.com
(END) Dow Jones Newswires
January 21, 2021 05:28 ET (10:28 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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