DHL Global Forwarding Archives - The Loadstar

DHL lowers profit expectations after weaker-than-expected Q3

Alexander Whiteman — Tue, 05 Nov 2024 13:20:06 +0000

DHL singled out its Global Forwarding division for a weaker-than-expected third quarter, and confirmed it was lowering its profit forecast for the year.
Despite growing group revenues, up 6.2% year on year over the three month period to October, at €20.6bn $22.4bn), DHL was only able to translate this into a barely noticeable 0.1% uptick in profits, to €1.37bn, failing to eat into the 14.2% year-to-date decline in EBIT of €4bn.
Chief ...

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Aesop’s grape-hungry fox has a lesson for DHL’s dealmakers

Alessandro Pasetti — Tue, 05 Nov 2024 12:32:10 +0000

If you have followed our DeskOne live coverage of the conference call that followed the Q3 24 release of DHL Group’s results today, you may well be aware that headline group numbers were, as expected, broadly in line with preliminary figures released last week.
A couple of substantial add-ons…
… however follow, for your perusal: air freight performance in DHL Global Forwarding (GF) was disappointing in terms of gross profit (GP) per unit, ...

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DVZ radar: DHL targeting SME customers

Gavin van Marle — Thu, 17 Oct 2024 11:18:27 +0000

(This post was originally published in German in Deutsche Verkehrs-Zeitung DVZ on 15 October; DVZ and Premium have agreed a partnership according to which selected corporate/supply chain content published by DVZ can be exclusively used by Premium.)
While the current strategy phase, which runs until 2025, focuses on trimming the various divisions more closely for profitability, the DHL Group wants to grow to 2030. Sales are to be increased by 50% ...

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DHL sees H1 profits plummet, but XPO gains momentum in North America

Alexander Whiteman — Fri, 02 Aug 2024 11:19:07 +0000

There was a mixed bag of first-half results for two global logistics operators this week: as plummeting Q2 profitability pounded DHL, XPO saw positive momentum in North America.
At an investors’ call yesterday, DHL Group CFO Melanie Kreis may have reported that, “in short, [DHL] met all expectations” for the six months to June, but the numbers did not make overly inspiring reading.
Of its four divisions, three reported diminishing profits – ...

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Mayerline Santamaria Neira named Leschaco Colombia’s new MD

Gavin van Marle — Tue, 23 Jul 2024 11:06:53 +0000

German air and sea freight forwarder Leschaco has appointed Mayerline Santamaria Neira (above) as the new managing director of Leschaco Colombia and its subsidiaries, effective 1 August.
She will take over from Jochen Raute, who co-founded Coltrans – today, Leschaco Colombia – in 1988. He continues to manage the company, but “he is planning his well-deserved retirement by the end of this year,” a Leschaco statement said.
Ms Neira brings over 20 ...

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DHL Global Forwarding announces changes at the top in Europe

Charlotte Goldstone — Mon, 17 Jun 2024 11:31:26 +0000

Markus Panhauser will become the new CEO of DHL Global Forwarding in Germany and Switzerland next month.
He joined the group in 2020 as head of ocean freight for DHL GF Europe, after a tenure with Kuehne +Nagel as SVP of sea freight, then MD.
Tim Scharwath, CEO of DHL GF Freight, said: “We are convinced that Markus Panhauser’s expertise in the freight forwarding business will help to further expand DHL Global ...

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DHL Global Forwarding appoints Shabnum Dawood to lead South African operations

Alex Lennane — Mon, 10 Jun 2024 11:11:15 +0000

DHL Global Forwarding has appointed Shabnum Dawood to head its South African operations.
Ms Dawood, a 20-year veteran of the logistics business, becomes country manager.
She joined DHL GF in 2011, after nearly six years at Expeditors as ocean import manager, prior to that she was at Geodis Wilson.
DHL GF appointed her as key account manager, before she became head of ocean freight South Africa.
Ms Dawood said: “I am eager to contribute ...

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Air Partner appoints DHL Global Forwarding veteran to head time critical

Alexander Whiteman — Wed, 22 May 2024 12:17:44 +0000

Patti Cole has joined Air Partner as its head of time critical services for North America, with the charter broker looking to bolster its Next Flight Out (NFO) and onboard courier (OBC) offerings.
Ms Cole joins from DHL Global Forwarding, having worked with the multinational for some 16 years, most recently as global head of DHL Same Day and the Temperature Management Solutions.
Air Partner’s VP of cargo Pierre Van Der Stichele ...

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Contract logistics the star performer for DHL, but weak rates take a toll

Gavin van Marle — Tue, 07 May 2024 12:59:26 +0000

German logistics giant DHL saw group operating profit (Ebit) in the first quarter decline by nearly 20% year on year as trading in the early months remained sluggish and returns tumbled from €1.6bn last year, to €1.3bn.
Group-wide revenue was relatively stable, at €20.3bn, compared with €20.9bn in the first quarter of 2023, as “a broad and dynamic economic upturn failed to materialise in the first three months of the year”, ...

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DHL Group: Forwarding burns cash, Supply Chain outshines the rest

Alessandro Pasetti — Tue, 07 May 2024 10:50:23 +0000

The ‘2023 Super League Ace‘ title within the DHL Group was confirmed in the first quarter (Q1 24): untouchable DHL Supply Chain enjoyed very healthy growth in the first three months of the year at Ebit level.
Moreover: Group 2024 guidance was maintained. And then forget PeP Germany, which is non-core for us…
… and, incidentally, has increasingly become non-core for the group over the past 15 years (click to expand the ...

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