Deutsche Post Not Considering Complete Pull Out Of US Operations

September 15, 2008: 03:39 AM EST

FRANKFURT -(Dow Jones)- German logistics company Deutsche Post AG (DPW.XE) said Monday it is not considering a complete pull out from its U.S. operations, denying a weekend press report.

The U.S. is a definitive part of the global postal network and therefore a necessary market for Deutsche Post, a spokesman said.

Over the weekend, Handelsblatt newspaper reported the company could pull out if business doesn't improve.

Deutsche Post also said it still aims to begin a planned cooperation with United Parcel Service (UPS) in 2009.