Losses in air and ocean freight at DHL Global Forwarding, Freight

DHL Global Forwarding, Freight has stable operating margin through a selective market strategy and continued strict cost control
 
The Global Forwarding, Feight division of the Deutsche Post DHL group, has been operating in a challenging market environment in the past weeks and months. Therefore revenues in the second quarter of 2013 fell by 6.3 per cent to EUR 3.7 billion (2012: EUR 4 billion) Adjusted for negative exchange-rate effects, the decrease would have been slightly lower at about 4 per cent, the company informs in a press release.
 
Volume and revenues in air freight fell below the previous year’s level primarily due to weak demand in the "Technology" and "Engineering & Manufacturing" sectors. Volume and revenues also decreased in ocean freight during the past quarter. This resulted largely from weaker demand on traditional east-west trade lanes. In contrast, demand on north-south routes and within continents rose. Small revenue gains were achieved in European overland transport.
 
Thanks to a selective market strategy and continued strict cost controls, the division’s operating margin remained stable despite the decline in revenues. Operating earnings in the division totalled EUR 129 million in the second quarter (2012: EUR 138 million).

Quelle: LogEastics

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