DHL GF expands its African footprint with Ethiopia Airlines JV
DHL Ethiopian Airlines Logistics Services, a joint-venture between DHL Global Forwarding (DGF) and Ethiopian Airlines, ...
Deutsche Post-DHL’s Post-e-Commerce-Parcel (PeP) division has continued to prove problematic for the group. Despite a 3.4% upturn in divisional revenue, PeP’s second-quarter operating profit plunged 58.5%, dragging the group down with it. Not even a 56.7% upturn in profitability for Global Forwarding and growth of 10.2% in Express operations could offset the PeP damage, with group profits dropping 11.2% year on year. Acknowledging the challenges posed by PeP, chief executive Frank Appel said measures were being implemented that would bring about “long-term, profitable growth”.
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