All Deutsche Post DHL Group articles
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NewsDeutsche Post DHL Group to get a new name
Source: DHL GroupDeutsche Post DHL Group will on July 1 change its name to DHL Group to "reflect the transformation the group has gone through" over the past years.The company pointed out that 90% of its revenue stems from its businesses trading under the DHL name.Group chief executive Tobias Meyer ...
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DHL airfreight volumes nosedive as market 'normalises'
Deutsche Post DHL Group saw a steep drop in airfreight volumes in the first quarter of 2023 which it attributed to “normalisation of market conditions”.Airfreight volumes for the second quarter of 2023 were 414,000 tonnes, down 18.7% year on year.The group said the decline in airfreight volumes was particularly noticeable ...
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DP DHL outlines criteria for any DB Schenker bid
Shortly after Deutsche Post (DP) DHL announced another set of record full-year results, the parcel and logistics giant's outgoing chief executive, Frank Appel, was asked about a report in German business title Manager Magazin that suggested the company could be preparing a bid for DB Schenker.The article said that DP ...
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DHL Global Forwarding reports record airfreight revenues
DHL Global Forwarding reported record airfreight revenues last year but performance weakened as the year progressed.The world's second-largest airfreight forwarder saw airfreight revenues increase 18.7% year on year in 2022 to €10.4bn while air gross profits improved 48.5% to €2bn. These improvements came despite a 9.3% decline in volumes to ...
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NewsDeutsche Post sees 20% revenue surge in Q3
View of the forecourt of the Post Tower in Bonn with waving flags. Image source: DP DHLDeutsche Post DHL Group saw continued strong growth in the third quarter of 2022, increasing its revenue by 20% over the same period last year to €24bn.Group chief executive Frank Appel said: "The first ...
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DP DHL to raise outlook following improvement in e-commerce
Deutsche Post DHL will raise its outlook for operating profits after consumer e-commerce demand picked up in the third quarter of the year.The express and postal giant said that third-quarter earnings before interest and tax (ebit) is expected to reach €2bn compared with €1.8bn last year."Therefore, 2022 ebit guidance (currently: ...
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NewsDHL: Trade volumes stay strong despite global shocks
Global trade bounced back quickly following the Covid-pandemic and remains strong despite the war in Ukraine and rising cost of living, according to the DHL Trade Growth Atlas 2022.The report, which was produced in conjunction with New York University Stern Business School (NYU Stern), found that the Covid pandemic had ...
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DHL airfreight volumes drop but high rates help it achieve positive results
Deutsche Post DHL Group saw a drop in airfreight volumes in the second quarter of 2022, but managed to achieve positive financial results thanks to high market rates and charter demand.Group airfreight revenue for the second quarter of 2022 was €2.8bn, up 40% on the second quarter of 2021, airfreight ...
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NewsBlue Dart to add Boeing 737-800 freighters
Blue Dart office. Photo: Blue DartExpress air and integrated transportation and distribution company Blue Dart Express plans to add two Boeing 737-800 freighter aircraft.Part of Deutsche Post DHL Group’s DHL eCommerce Solutions division, Blue Dart operates throughout India and aims to expand its network with the freighters.“To encash the growth ...
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DHL airfreight volumes edge up but revenues fly
DHL Global Forwarding saw its airfreight revenues jump in the first quarter of the year despite volumes increasing by a much lower amount.The forwarder's airfreight business saw revenues increase by 55.% year on year to €2.9bn. Gross profits improved by 10% to €488m but volumes were up by just 3% ...
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NewsDHL Express expands SAF supply with five-year deal
Martin Thomsen, BP; Frank Appel, Deutsche Post DHL Group. Source: DP DHLDHL Express has signed a deal with BP and Neste to provide 800m litres of Sustainable Aviation Fuel over the next five years as part of efforts to meet its environmental targets.The express company described the SAF deal as ...
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NewsDHL orders more B777s while forwarding loses top spot in air cargo
B777 freighter. Photo: DHLDHL Express has placed an order for six additional 777 freighters from Boeing as Deutsche Post DHL Group closed 2021 with record earnings.The purchase takes DHL Express' order book total to 28 777 freighters since it placed its first direct order in 2018. The express giant has ...
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NewsPilots at Aerologic approve industrial action
Photo: AerologicPilots at German cargo airline AeroLogic have voted in favour of potential industrial action but the move is not currently expected to impact air cargo operations.Trade union Vereinigung Cockpit (VC) said that the cockpit employees of AeroLogic, a joint venture between Deutsche Post DHL Group and Lufthansa, have voted ...