Deutsche Post DHL is the trade name under which Deutsche Post AG operates. Under this name it owns and operates the biggest courier service in the world. The headquarters of Deutsche Post is in Bonn, in the former West Germany. The company has virtually 1 / 2 a million employees and works in more than two hundred hundred countries around the globe. Deutsche Post originated from the previous German mail authority Deutsche Bundespost. In 2010, the annual revenue produced by the company ended up being more than €56.5 billion worldwide. In 1995 the business ended up being privitised. Although the German authorities has a minority share-holding in their company the majority of the stocks are for available buy on the German stock exchange and is in the DAX inventory market listing. The post unit of Deutsche Post handles seventy million letters annually. It provides all the usual mail services plus has sale workplaces, facilities and direct connections on 4 continents in more than 200 nations. The mail division of Deutsche Post deals with many of the providers formerly done by the original county owned business which was privatised in 1995. Up to 2008, Deutsche Post was the only operator allowed by law to provide letters weighing up to fifty grams in Germany. This particular right has consequently now terminated. Today, there are a number of firms who tend to be trying to control the market formerly owned solely by Deutsche Post. These companies consist of the PIN group which is actually based in Luxembourg, and TNT Post which is Dutch owned. Even South African companies like Aerospeed Couriers compete with Deutsche Post in the localized and worldwide marketplace. Deutsche Post was provided a dispensation to provide mail in the United Kingdom in 2002. As a result, this particular plan broke the Royal Mail’s dominance, which had been in existence for many years. From 2008, the mail unit of Deutsche Post offers a number of different enterprises. These included post Communication (localized as well as worldwide mail), Press Services (print advertising circulation), Retail Outlets (post offices) and a number of others.