Deutsche Post to spend more on DHL as profits rise

© Khunaspix Dreamstime.

In what one analyst has expressed as a “remarkable admission of the state of the market,” buried on page 17 of DHL’s interim second-quarter results for global forwarding, the group states that the box lines were controlling the ocean freight segment, forcing it into a 5.6% profit decline.

While the group saw volumes rise 5.2% in the first half as it won new business, revenues fell 3.6%. In the report it said: “The very noticeable pressure on margins is the reason ...