News / DHL and Expeditors in Q1: 'well, it could have been worse'

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Cost-consciousness, since the global economy began heading south, seems to have mitigated what could have been far worse Q1 performances for the world’s major forwarders.

DHL and Expeditors both reported today and, while the numbers mostly show negative changes, commentators suggest the situation could have been much worse – and when compared with pre-Covid figures, the situation was almost rosy.

Responding to DP-DHL’s group results, UBS noted that, while profit was more than 24% down on last year, at €1.64bn ($1.8bn), it ...