The turnaround at Deutsche Post-DHL’s freight forwarding unit has continued – today the German group announced third-quarter figures that show forwarding operations had achieved a year-on-year ebit increase of 58.2%
DHL Global Forwarding posted a quarterly ebit of €106m, the result of focusing on more profitable contracts and proof “that the initiatives to improve cost efficiency are taking effect”.
Revenue at the division was up 4.2% to €3.7bn, “despite the more selective approach taken with …

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Source: The Loadstar