DHL forwarding sees airfreight rise but some volumes move to express

DHL reported increases in airfreight revenues, profits and volumes in the third quarter but saw some potential volumes move over to express.

The company’s forwarding division saw third-quarter airfreight revenues increase by 30.4% year on year to €1.5bn, while airfreight gross profits increased by 28.4% to €321m and airfreight volumes were up 12% on last year to 497,000 tonnes.

The company said that volumes were up on demand out of Asia, while performance had also been boosted by higher airfreight rates.

“The [forwarding] division helped customers adapt transport routes to changing trade flows and maintain reliable supply chains,” the company said in a press release.

This story was originally published by Air Cargo News. Read the full story at Air Cargo News →