News / Rising air and ocean rates put the brakes on DP-DHL performance in H1

Deutsche Post DHL has become the latest victim of the unexpected and sustained growth in air and ocean freight rates that blunted the logistics operator’s performance in the first half.

Group revenue increased 6.6% to €29.6bn and EBIT grew 6.1% to €1.73bn which to many would be a good return, but the forwarding segment struggled to improve margins.

During an earnings call today, chief financial officer Melanie Kreis said the company had been surprised by the speed at which rates increased and where they remain ...