DHL Reports 57% Rise in Q2 Revenue

DHL reported Q2 revenues from its airfreight forwarding business increase by 57% year-on-year to €1.8 billion.

Gross profits were up 42.4% to €339 million, even though air volumes fell by 13.7% to 433,000 tonnes.

A shortage of capacity enable DHL and other carriers to implement a series of rate hikes throughout the quarter.

 

NEWSWIRE

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