E-commerce fulfillment, and pharma shipments are two of the fastest growing air cargo segments, and this week DP-DHL subsidiaries, DHL eCommerce and DHL Global Forwarding have announced new facilities and initiatives to support the growth of both. Looking first at e-commerce, on 12 March DHL eCommerce commenced operations at a newRead More
Post Tagged with: "DHL Global Forwarding"
Capitalizing on strong e-commerce growth and on a return to financial health by its forwarding arm, Deutsche Post-DHL reported net profit up more than 25% to €841 million in the fourth quarter of 2016. The big jump came despite revenue remaining almost flat (up just 0.5%) at €15.41 billion. OperatingRead More
Driven in part by thriving cross-border e-commerce demand, DHL Global Forwarding expanded its Airfreight Plus service with the addition of Moscow and other Russian cities, bringing the total number of countries within its Airfreight Plus network to 54. Meanwhile, SF Express has designated Changchun as a key hub for cross-border shipmentsRead More
Deutsche Post-DHL has been prominent here at CargoFacts.com in the last week, so it seems fitting to cap things off with a final bit of news, and then some related videos for your weekend viewing pleasure. Today’s news, or perhaps anti-news, is that Frank Appel, DP-DHL’s CEO, issued a denial thatRead More
Is DHL Global Forwarding up for sale? And, if so, who would/could buy it? According to a Reuters report, quoting “two people familiar with the matter,” Deutsche Post-DHL is considering selling its forwarding operations or seeking to move them into a partnership or joint venture. And the buyer? According toRead More
DHL Global Forwarding, the forwarding arm of Deutsche Post DHL, launched rail service connecting eastern China with eastern Europe. It seems like only yesterday that DB Schenker announced a trial rail service to connect China with Europe – an announcement that was met with widespread skepticism. But Schenker’s gamble paidRead More
Deutsche Post-DHL reported second-quarter net income down 29.3% y-o-y to €326 million, as total revenue rose 7.3% to €14.70 billion. Operating income (EBIT) for the quarter was down 18.1% to €537 million. DP-DHL is a sometimes awkward combination of four separate reporting divisions – or, perhaps more accurately, a combinationRead More