Freight News, Air, Sea, Logistics, Business, Forwarding

DHL surge continues

[ May 5, 2021   //   ]

Deutsche Post DHL Group said it more than tripled its earnings to €1.9 billion in the first quarter 2021, net profit jumps to €1.2 billion.What chief executive Frank Appel described as “the best opening quarter ever “ followed a record result in 2020.

The group benefited from the continued strong momentum in global e-commerce and the simultaneous recovery in world trade.

E-commerce shipment volumes increased significantly in all regions with growth particularly dynamic in the US and the Netherlands.

Freight increased its revenue by 32.7% to €4.8 billion in a market characterised by continuing capacity shortages in air and ocean sea. The noticeable increase in world trade further intensified the price and margin trends.

Despite the challenging environment, the division succeeded in increasing air freight volumes by 18.2% while ocean freight volumes increased by 8.8%.