DHL Express 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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Europe’s logistics operators tighten security after alert by UK counter-terror services

Alex Lennane — Thu, 17 Oct 2024 10:58:53 +0000

Details are emerging of an investigation by counter-terrorism police into a fire at a DHL warehouse in the UK, after fears an incendiary device was planted by Russian spies.
Nobody was injured in the blaze at the DHL parcels warehouse in Minworth, Birmingham, on 22 July, but also late that month, a DHL package from the Baltics caught fire at its Leipzig hub and investigators are looking into links between the ...

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‘Bullish’ Indian express operators hike 2025 prices as demand grows

Angelo Mathais India correspondent — Thu, 03 Oct 2024 11:25:05 +0000

Express parcel service providers are looking to capitalise on strong ecommerce demand out of India, propelled by accelerated economic development and rising middle-class spending on discretionary products.
Major international and domestic parcel integrators have announced significant general rate increases for 2025.
DHL Express will implement a 6.9% rate hike from 1 January for Indian customers. The market leader said the upward price adjustment was necessary to recoup the higher operating costs due ...

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Russia said to be sending incendiary devices in European parcels

Alex Lennane — Mon, 02 Sep 2024 11:05:18 +0000

European logistics companies have been warned that “unconventional incendiary devices” are being sent via freight services.
Germany’s Federal Office for the Protection of the Constitution and Federal Criminal Police Office have written to logistics and transport providers after a DHL package caught fire at its Leipzig hub in July.
The package had been sent from the Baltics, which has triggered suspicions of Russian involvement; and DHL revealed that it had happened twice.
“We ...

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U-turn on proposal to ban DHL 777F night flights at Brussels

Alexander Whiteman — Fri, 30 Aug 2024 11:47:01 +0000

Belgian authorities have cancelled plans to scrap the exemption permitting night operations of B777 aircraft at Brussels Airport.
DHL Express, which had been keeping a close eye on developments as it uses the widebody 777 at the airport, responded positively, a spokesperson telling The Loadstar: “The B777F is the quietest and most modern widebody cargo plane available on the market.
“We hope the new federal government will provide a permanent solution to ...

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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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DHL Express under scrutiny divides the market

Alessandro Pasetti — Mon, 17 Jun 2024 11:01:10 +0000

It was only a few days ago when UBS analysts from the sell-side voiced their concern about the future performance of DHL Express, the key value-driver operating under the German integrator’s umbrella. If the core unit doesn’t deliver, the group’s earnings guidance is at risk, the bears naturally insist.
While managerial changes were announced today elsewhere in DHL Global Forwarding – click to expand the table above (more here) – it’s ...

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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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DVZ radar: DHL Express awaits the next e-commerce star

Gavin van Marle — Fri, 12 Apr 2024 11:27:08 +0000

(This post was originally published in German in Deutsche Verkehrs-Zeitung DVZ on 9 April; DVZ and Premium have agreed a partnership according to which selected corporate/supply chain content published by DVZ can be exclusively used by Premium.)
The location was chosen with care. In mid-March, John Pearson, CEO of DHL Express, together with study author and professor Steven Altman, presented the DHL Global Connectedness report in the Indian capital New Delhi. ...

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Atlas Air appoints Joel Goldberg its SVP and chief information officer

Charlotte Goldstone — Fri, 26 Jan 2024 11:20:23 +0000

Atlas Air today announced the appointment of Joel Goldberg as senior vice president and chief information officer, effective 26 February. He will report to CEO Michael Steen.
Mr Goldberg has nearly three decades of experience in leading digital transformation initiatives. He is currently global chief digital officer at Wizz Air, where he has served for five years, following his role as senior director of technology for Nike in EMEA.
He also held ...

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