News / DHL shifts focus from M&A to invest record profits in aviation and network

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DHL Express will invest its record profits in organically growing its global footprint, rather than making more acquisitions.

The Deutsche Post DHL group is now forecasting ebit of more than €7bn ($1.73bn) in full-year 2021, and John Pearson, CEO of DHL Express, told The Loadstar that while the global forwarding division had signed a €1.5bn deal to acquire JF Hillebrand Group in August, it was “not looking at more acquisitions”.

He added: “We’ll continue to reinvest in aviation and our network.”

At the ...