Depressed revenue and bad debts pushed profit in the second quarter down 71 per cent for The world's biggest logistics company as Deutsche Post DHL warned of tough market conditions going forward. Profit plunged to US$93.7 million from $328 million a year ago. Mail, express, freight forwarding and contract logistics revenue all shrank by nearly 18 per cent to $15.8 billion. Operating income fell by a lower-than-expected 38 per cent to $392 million, aided by cost cutting. The Bonn-based company, … [Read more...] about DHL profit plunges 71 per cent, outlook uncertain
DHL
AUSTRALIA & NZ: ATSG airlines launch services for Qantas & DHL
Air Transport Services Group, Inc. announced it has commenced a new wide-body freighter service for Qantas Freight between Australia and New Zealand, and for DHL between Europe and Africa. ATSG said its subsidiary Air Transport International (ATI) is scheduled to begin providing wide-body ACMI (Aircraft, Crew, Maintenance and Insurance) service for Qantas Freight between Australia and New Zealand under a twoyear agreement starting 15 June. ATI’s Boeing 767-200-SF will allow … [Read more...] about AUSTRALIA & NZ: ATSG airlines launch services for Qantas & DHL
DHL sees record perishables growth down under
Despite the global economic crisis, DHL Global Forwarding (DHL GF) in Australia has registered growth in its substantial perishable airfreight business for the first five months of this year as a result of a combination of factors. Wong Joon Sanreports. First quarter figures this year show DHL Global Forwarding has handled well over 25 per cent more tonnage than the same period last year. In 2008, DHL GF handled thousands of tonnes per month of perishable airfreight exports, representing a … [Read more...] about DHL sees record perishables growth down under
Putting on a brave face
I have to take my hat off to the folks at DHL Express and Lufthansa Cargo for pretty much pulling out the stops to launch their new AeroLogic cargo airline in style. It takes a fairly high degree of tenaciousness to put on a brave face and stand tall amid the rubble of an air cargo industry devastated by the global recession and proclaim with seemingly genuine optimism that your new baby has a rosy future. I’m overstating to be sure, because clearly air cargo will once again return … [Read more...] about Putting on a brave face
Defying the logic of the times
Logic would surely dictate that when you are in the middle of an unprecedented industry downturn, it’s not a particularly good idea to start up a new airline and pump more capacity into the very market you are pulling back from. But that is exactly what took place in an expansive new hangar in a historic German city one sunny Friday inJune. Donald Urquhart has the story from Leipzig. In a bold but largely unavoidable move, a new cargo airline has taken flight in what is arguably … [Read more...] about Defying the logic of the times
AUSTRALIA & NZ: ATSG airlines launch services for Qantas & DHL
Air Transport Services Group, Inc. announced it has commenced a new wide-body freighter service for Qantas Freight between Australia and New Zealand, and for DHL between Europe and Africa. ATSG said its subsidiary Air Transport International (ATI) is scheduled to begin providing wide-body ACMI (Aircraft, Crew, Maintenance and Insurance) service for Qantas Freight between Australia and New Zealand under a twoyear agreement starting 15 June. ATI’s Boeing 767-200-SF will allow … [Read more...] about AUSTRALIA & NZ: ATSG airlines launch services for Qantas & DHL
