Deutsche Post: Air/Ocean Freight volumes declined
In an interim press release published at the beginning of this week Deutsche Post World Net reported a decline in fourth-quarter trading volumes in Air and Ocean Freight . In large parts of the world the volume handled in these two business units continued to soften in a year-on-year comparison with a double-digit decline rate, according to the release. Express volumes of the group reflected the slowing of the global economies as well. In the fourth quarter, only the express volumes in the region Eastern Europe, Middle East and Africa (EEMEA) were still showing a mid-single digit percentage increase. Deutsche Post World Net, the world’s largest express and logistics provider, reported that it has met its 2008 profit target, thanks to strict cost management and cash conservation. Full-year underlying EBIT, or earnings before interest and tax excluding non-recurring effects, amounted to just above the targeted EUR 2.4 billion. Fourth-quarter revenues in the Supply Chain / CIS division also developed in line with the rate seen in the first nine months of the year. Quelle: Österreichische Verkehrszeitung |