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Monday 18 January 2021
This week’s Logistics Bulletin reports on preliminary results for 2020 at Deutsche Post DHL. The Company increased consolidated revenue by 5.0% and achieved a record EBIT performance, with strong results in each business unit, except Supply Chain. Post & Parcel Germany saw full year revenue up 7.0% with EBIT climbing 29.0%; Express’ full year revenue increased 12.0% with EBIT up 35.0%; Global Forwarding, Freight saw full year revenue increase 5.0% as EBIT jumped 13.0%; Supply Chain’s full year revenue was down 7.0% with EBIT down by 53.0%; and eCommerce Solutions increased revenue by 19.0% with a significant turnaround in profitability from losses in 2019.
Elsewhere this week, Alibaba Group’s logistics arm, Cainiao Network, has launched a container-booking service for air and sea freight, connecting 200 ports in 50 countries. The Company’s new cross-border, port-to-port shipping fee will be 30.0% to 40.0% lower than the average market rate, with booking confirmation available in as few as two business days after an order is placed by the merchant. The announcement comes at a time when the global container shortage problem has increased shipping costs, putting more pressure on import and export businesses. According to United Nations trade data, around 60.0% of goods are shipped by container via 180.0 million containers worldwide.
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The Logistics Bulletin has provided global supply chain professionals with the latest insight, news and analysis for 18 years. To receive this highly valued service direct to your in-box, register here. Press releases and articles for inclusion can be sent by email to logisticsbulletin@analytiqa.com