Express Margins Leap Higher in DHL’s 1Q
Narrow-moat Deutsche Post DHL’s consolidated second-quarter revenue increased about 5% organically--excluding the impact of foreign exchange and the addition of U.K. Mail last December. Revenue growth came in modestly ahead of our expected run rate, because of better-than-expected global forwarding volume and noise from higher fuel surcharges. Similar to the first quarter, time-definite international shipment activity at Express remains healthy, domestic parcel volume in Germany is enjoying stea...Deutsche Post is a mail and logistics services group. In its Mail division, Co. provides domestic and international mail and parcels and is engaged in dialogue marketing, nationwide press distribution services and the electronic services related to mail delivery. Co.'s Express division provides courier and express services to business and private customers globally. Co.'s Global Forwarding, Freight division manages the carriage of goods by rail, road, air and sea, ranging from container transport to solutions for industrial projects. Co.'s Supply Chain division provides warehousing, managed transport and services at every link in the supply chain for customers in a variety of industries.
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