News / DHL sees H1 profits plummet, but XPO gains momentum in North America

There was a mixed bag of first-half results for two global logistics operators this week: as plummeting Q2 profitability pounded DHL, XPO saw positive momentum in North America.

At an investors’ call yesterday, DHL Group CFO Melanie Kreis may have reported that, “in short, [DHL] met all expectations” for the six months to June, but the numbers did not make overly inspiring reading.

Of its four divisions, three reported diminishing profits – cash cow Express seeing ...