DHL records lower earnings, remains “prepared for when trade regains momentum”

Germany-based global logistics company DHL Group reported revenue of €20.6 billion (US$22.6 billion) and operating profit (EBIT) of €1.35 billion (US$1.48 billion) in the second quarter of the year.

Melanie Kreis, Chief Financial Officer of DHL Group, commented, “Air and ocean freight volumes further improved in the second quarter from a low starting level. However, we are not observing a broad-based recovery of global trade yet. We are also seeing a modest improvement in B2B volumes at Express,...

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