It's Official - Deutsche Post is acquiring Exel to the tune of USD 6.7 billion.

Full story here.

In other news related to Deutsche Post, DHL will resume service in areas hit by Katrina.

"Although full recovery will take time, we are pleased that residents in the areas stricken by Hurricane Katrina are returning to their homes and businesses much earlier than expected," said Fred Beljaars, Executive Vice President of Operations for DHL. "As a result, DHL is able to bring its local operations back online, resuming service along the Gulf Coast to support customers who depend on DHL for their shipping needs."

DHL has been assisting with disaster relief since the hurricane struck, but had not resumed normal operations as of yet. This is good news as it means that customers are expected to be coming back to do business very soon. For those of you who don't know, Deutsche Post owns DHL.