English Arabic Armenian Azerbaijani Chinese (Simplified) Chinese (Traditional) Czech Danish Dutch Estonian Filipino Finnish French Galician Georgian German Greek Hindi Hungarian Icelandic Indonesian Italian Japanese Korean Latvian Lithuanian Malay Maltese Norwegian Persian Polish Portuguese Russian Slovak Slovenian Spanish Swedish Thai Turkish Ukrainian Vietnamese

DHL continues e-Commerce boom

BONN: August 03, 2016. Deutsche Post DHL is to invest US$137 million in U.S. domestic and cross- border e-commerce in anticipation of a US$1 trillion global market by 2020.

The announcement coincides with the logistics group reporting a 43.7 percent rise in earnings for the first half of 2016 (H1) to €1.18 billion on revenue of €28.06 billion – a drop of 4.8 percent compared to the same period last year.

DHL onlineHowever the group's largest division, post/e-Commerce/parcel (PeP), produced a 5.0 percent increase in revenue to €8.2 billion for H1 and an EBIT of €659 million – a year-on-year rise of 39 percent.

"Having posted the strongest second quarter in our history, we remain well on track towards achieving our targets. Our Post/eCommerce/Parcel division in particular contributed to the positive trend," said group CEO Frank Appel. "PeP management is continuously expanding the division's market-leading position through future-oriented investments and trend-setting innovations," he added.

With new and planned fulfillment centers in Los Angeles, Columbus, Ohio and New Jersey, DHL eCommerce CEO Charles Brewer noted: "There is barely any other industry that provides such a promising outlook than the e-commerce business. It is expected that one billion people will shop online and across borders by 2020 with the U.S. being the most popular origin for 25 percent of consumers worldwide."

DHL estimates the current global B2C cross-border e-commerce market at US$400 billion and expects it to expand 28 percent a year to 2020.

The company anticipates consumers will increasingly buy products online that are either unavailable or too expensive in their home country. With the largest demand reverting to U.S. e-commerce retailers because of a 'Made in the USA' label, DHL says the US$137 million will be used to build eight new distribution centers and enhance two existing facilities in Los Angeles and Columbus, Ohio.

"For consumers shopping abroad, and also for businesses, it is of utmost importance that international deliveries are reliable, safe and convenient. We provide that with our network every day in every way," Brewer claimed.

More News

Written on 16/09/2017, 03:41
cma-cgm-reports-us-472-million-q2-ebitMARSEILLE: September 15, 2017. CMA CGM has reported a 56.8 percent increase in second quarter 2017 revenue to US$5.55 billion and a net income of US$219...
Written on 14/09/2017, 19:01
brucargo-plans-multimodal-cloud-with-nxtportANTWERP/BRUSSELS: September 14, 2017. Data platform NxtPort and Air Cargo Belgium's BRUcargo cloud-based community have signed an MoU to develop a digital...
Written on 13/09/2017, 22:03
kuehne-nagel-launches-lithium-battery-logisticsSCHINDELLEGI, Switzerland: September 13, 2017. Kuehne + Nagel has launched 'KN Battery Chain' – a supply chain solution for shipping large lithium...
Written on 13/09/2017, 16:36
cargo-re-starts-at-miaMIAMI: September 13, 2017. Miami International Airport expects a return to normal flight operations by the weekend of September 16/17 following Hurricane...
Written on 12/09/2017, 21:07
wisetech-acquires-air-and-ocean-rate-managementSYDNEY: September 12, 2017. Logistics software group WiseTech Global has acquired two rate management companies: Netherlands-based Cargoguide covering the...
Written on 12/09/2017, 20:05
40-million-investment-for-dunkerqueDUNKERQUE: September 12, 2017. The Dunkerque Multibulk Terminal (DMT) is investing €40 million over the next two years to produce construction materials...
Written on 12/09/2017, 19:13
rickmers-group-thrown-a-lifebeltHAMBURG: September 11, 2017. The Zeaborn Group and Hamburg shipowner Bertram Rickmers are to acquire the Rickmers Group's global ship management business,...
Written on 11/09/2017, 20:50
freightweek-news-update-week-37FELIXSTOWE, UK: September 15, 2017. Construction company VolkerFitzpatrick has won a contract at the Port of Felixstowe to design and construct 13...
Written on 11/09/2017, 15:16
danes-sell-belgium-terminal-to-chinaTHE HAGUE: September 11, 2017. APM Terminals, part of the A.P. Moller - Maersk Group, is to sell its 76 percent ownership of Belgium's second largest...
Written on 08/09/2017, 18:42
hna-to-spend-another-us-1-billion-on-logisticsSINGAPORE: September 07, 2017. HNA Belt and Road Investments Singapore, a subsidiary of HNA Holding Group (HK Group), has made an unsolicited offer of...
Written on 07/09/2017, 21:21
american-cancels-flights-ahead-of-irmaDALLAS/FORT WORTH: September 07, 2017. American Airlines (AA) has canceled 2,405 flights between today and September 11 as a result of Hurricane Irma, due...
Written on 07/09/2017, 19:39
china-merchants-acquires-brazil-container-terminalXIAMEN, China: September 04, 2017. China Merchants Port Holdings (CMPort), owned by China's state-owned Assets Supervision and Administration Commission...
Written on 06/09/2017, 14:08
freightweek-news-update-week-36NEW JERSEY, September 07, 2017. The 14,400 TEU capacity CMA CGM Theodore Roosevelt has became the largest container ship to pass under the raised Bayonne...
Written on 05/09/2017, 21:10
dhl-trials-delivery-to-customer-carsBONN, September 05, 2017. DHL Parcel and Volkswagen (VW) are testing a pilot project to deliver and collect parcels from the trunks of customers'...
Written on 29/08/2017, 21:15
cosco-first-half-profit-gain-from-saleHONG KONG: August 29, 2017. COSCO Shipping Ports has reported a first half 2017 (H1) net profit of US$384.7 million on revenue of US$275.8 million that...
Written on 29/08/2017, 16:18
freightweek-news-update-week-35LEICESTER, UK: August 31, 2017. Pall-Ex continues to grow its freight network with the addition of four members in the UK. Read more: Pall-Ex.pdf HONG...
Written on 28/08/2017, 20:47
qantas-promotes-head-of-freight-businessSYDNEY: August 28, 2017. A reorganization of the Qantas Group top management sees the appointment of Alison Webster, executive manager of Freight,...
Written on 28/08/2017, 18:06
new-intra-city-logistics-leader-for-asiaBEIJING: August 28, 2017. 58 Home, a leading online marketplace for merchants and consumers, has merged its logistics unit 58 Suyun with Hong Kong-based...
Written on 28/08/2017, 17:31
cargolux-adds-two-more-african-routesLUXEMBOURG: August 28, 2017. Cargolux is to begin new services to Douala, Cameroon and Lubumbashi, Democratic Republic of Congo (DRC). A weekly service...
Written on 25/08/2017, 16:27
lufthansa-cargo-s-pre-school-run-raises-20-000FRANKFURT: August 25, 2017. Almost 1,000 runners took part in the recent third annual 'Office City Run' to raise money for a pre-school in Nairobi, Kenya...

- powered by Quickchilli.com -