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DHL also operates a separate parcel service targeting the German consumer market in conjunction with Deutsche Post. The company DHL itself was founded in San Francisco, United States in 1969 and expanded its service throughout the world by the late 1970s. DHL is an initialism of the surnames of the original company's founders. [7]
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A proof of delivery (POD) is a document that substantiates that goods have been delivered to their intended recipient. [1] For example, a POD can establish that carrier has satisfied its terms of a contract of carriage for cargo by confirmation of delivery to the recipient or consignee .
The rest of the business was merged with DHL Express to form DHL Exel Supply Chain. Exel operates 441 facilities and works with over 40,000 associates in North America. Exel serves the automotive, chemical, consumer, energy, industrial, life sciences, retail, and technology industries.
DHL Group was the largest logistics company worldwide in 2022. [5] [better source needed] DHL Group is the successor to the German mail authority Deutsche Bundespost, the oldest modern postal service in the world, [6] tracing its roots to the middle ages. It was privatized in 1995 and became a fully independent company in 2000.
This two-day service can reach more than 620,000 U.S. businesses earlier than competitors like FedEx, DHL, and the U.S. Postal Service, according to UPS internal data and a third-party analysis.
DHL Supply Chain was the global market leader in contract logistics with a market share of 8.3% (2010). In this highly fragmented market, the top ten players account for only about 23% of the overall market, the size of which is estimated to be €147 billion.
The signature guarantees that only Mallory could have signed the cheque, and so Mallory's bank must pay the cheque. This is non-repudiation; Mallory cannot repudiate the cheque. In practice, pen-and-paper signatures are not hard to forge, but digital signatures can be very hard to break.