DHL reports partnership, revenue surge amid controversy
Frank Appel, CEO of Deutsche Post DHL, shed more light on this projection, pointing to DHL’s increasing presence in critical markets. “Given the somewhat subdued global economic environment, our successful start into the year is clear evidence for us continuing to build on our strengths,” he said in a statement. “The efficiency improvements we have achieved in recent years and our unmatched position in the world’s growth markets have prepared us well for continuing on our profitable growth path.”
Asia and the Americas were key regions for the integrator during the first three months of 2012. According to a press release, these markets contributed greatly to the more than €3 billion revenue reported in DHL’s Express division during the first quarter.
To prepare for even more growth in the Americas, DHL announced in March that it’s expanding its presence at Cincinnati/Northern Kentucky International Airport, which has served as its U.S. cargo hub since 2009. The integrator is currently investing $47 million to construct a new, 17,930-square-meter sorting facility at CVG, in addition to renovating its current facilities at the airport.
DHL Express CEO Ken Allen said that the CVG hub, which handles more than 2 million shipments each month, is key to DHL’s growth strategy. “This investment in our Americas hub is being made to support current growth, but also the significant mid- to long-term potential we see in international express volumes to and from the Americas,” he said in March.
The integrator also anticipates increased freight volumes in and out of Europe and Asia, as evidenced by the March 27 launch of an around-the-world, express flight connecting Hong Kong, Los Angeles and Leipzig. The new route will benefit from DHL’s extra Boeing 777F capacity, provided by the multiyear deal the integrator inked with Southern Air in November.