Analysis: DHL GFF – how to approach a sleeping bear

I was in Hamburg this week, where my contacts, rather surprisingly, barely mentioned DHL Global Forwarding, Freight (DHL GFF) and the latest performance of its air, ocean and road freight activities. Perhaps I landed in the wrong city, I silently complained mid-way through its interims on Tuesday.

Most of the talk surrounded DB Schenker and its next corporate structure travails and steps – most likely caused by Berlin rather than self-induced – alongside the prospects of both the major local carrier, ...