'Retreating from globalisation can put your competitive position at risk'
Claims of a fracturing global economy brought about by deteriorating China-US relations continue to be ...
VW: STRIKINGPLD: FAIR VALUE RISKSTLA: CEO OUTDHL: BOLT-ON DEALMAERSK: NEW ORDERGXO: POLISH DEAL EXTENSIONDSV: TRIMMINGDSV: TRUMP TARIFFS IMPACTHLAG: GREEN PUSHDHL: ECOMM TIESKNIN: PARTNERSHIP EXTENSIONMAERSK: DECARB PUSH
VW: STRIKINGPLD: FAIR VALUE RISKSTLA: CEO OUTDHL: BOLT-ON DEALMAERSK: NEW ORDERGXO: POLISH DEAL EXTENSIONDSV: TRIMMINGDSV: TRUMP TARIFFS IMPACTHLAG: GREEN PUSHDHL: ECOMM TIESKNIN: PARTNERSHIP EXTENSIONMAERSK: DECARB PUSH
DHL Express has expanded its fleet with five new A330 freighters, aircraft let go by Etihad as the Middle East carrier cuts back its cargo-only operation.
Etihad began grounding its A330-200s late last year, the final freighters being put into storage in early January.
According to reports, DHL Express subsidiary EAT Leipzig took delivery of one of the A330-200Fs last week, which was sporting DHL Express livery.
A spokesperson for DHL Express confirmed to The Loadstar it had acquired five aircraft and taken delivery of one so far, adding: “The purchase of these aircraft is part of our normal fleet replacement and capacity upgrade programme.
“They will join the fleet of approximately 250 dedicated cargo aircraft and fly various routes as business dictates.”
The Express unit remains the global integrator’s star performer, with revenue up 7.9% in the second quarter, on the back of what it described as “sustained growth in volumes”.
This in turn pushed up operating profit by more than 10% for the three months to June, which it put down to “strict yield management” and “continuous” network improvements.
The company added that the strong growth in earnings would “enable the division to utilise its unique global express network even more efficiently”.
The success of Express was dampened by higher costs and investments in its Post-e-Commerce-Parcel division, which dragged down overall first-half profits.
Comment on this article
Mohammed Zubair Malik
August 24, 2018 at 11:49 amI have very bad experience as they booked my parcel for city in Pakistan in which they no service . It was promised to deliver till 13th August but not delivered till yet. Custom cleared since 17th August but claiming more retention charges . Their representatives at Karachi and Makkah not cooperated