Expeditors 'adapted well in an erratic quarter' – but earnings disappoint
Expeditors’ Q2 results will have left investors disappointed, with softer-than-expected earnings and a “still-heavy” cost ...
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
The latest financial results show improvement at DHL Global Forwarding, with EBIT rising 200% to €51m in the first quarter. Revenue fell 12% in the Global Forwarding and Freight division, owing to a “more selective market strategy”. Air freight volumes fell 10% while ocean rose 2.6%. The Supply Chain division also improved its results, more than doubling its EBIT to €127m, although that included a real estate deal, noted LLL.com.
In a conference call, DP DHL CEO Frank Appel noted Atlas’s deal with Amazon, and said that, to his knowledge, the deal had “no impact” on DHL, which is a major customer of Atlas.
You can get more results information from DP-DHL here.
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