DHL lowers profit expectations after weaker-than-expected Q3
DHL singled out its Global Forwarding division for a weaker-than-expected third quarter, and confirmed it ...
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By Alex Lennane
With its parcel business under attack from Amazon, DP-DHL could use some good news in its global forwarding and freight division – you know, the one it is definitely not selling. It reported yesterday, however, that freight revenues were flat, although business picked up in the second half. Unfortunately, the one-off IT write-down of €336m, put the division into a full-year operating loss, and depressed the profits for the group as a whole. LLL.com has the full story.
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