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DEUTSCHE POST AG (DPW.BE)

Berlin - Berlin Delayed Price. Currency in EUR
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37.60-0.12 (-0.32%)
As of 04:03PM CEST. Market open.
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  • Reuters

    DHL exec says China lockdowns will hit supply chains more than Ukraine war

    Lockdowns in China are having greater impact on global supply chains than the war in Ukraine and will be felt even after they are lifted, said the head of Deutsche Post DHL Group's freight business. China renewed COVID-19 lockdowns in major centres in March and April, hitting production and consumption and heightening risks for parts of the global economy heavily dependent on the country. "After an opening, traffic jams will probably form in front of U.S. and European ports," DHL's Tim Scharwath told Reuters, adding that "it will take longer than we had thought until the trade system normalises again".

  • Reuters

    UPDATE 1-DHL exec says China lockdowns will hit supply chains more than Ukraine war

    Lockdowns in China are having greater impact on global supply chains than the war in Ukraine and will be felt even after they are lifted, said the head of Deutsche Post DHL Group's freight business. China renewed COVID-19 lockdowns in major centres in March and April, hitting production and consumption and heightening risks for parts of the global economy heavily dependent on the country. "After an opening, traffic jams will probably form in front of U.S. and European ports," DHL's Tim Scharwath told Reuters, adding that "it will take longer than we had thought until the trade system normalises again".

  • Reuters

    DHL Express Americas to invest $137 million in operating capacity this year-executive

    The Americas division of German logistics giant Deutsche Post AG will invest $137 million this year in increasing its operating capacity, including spending on airplanes, its chief said on Wednesday. DHL Express in the Americas - which covers countries from Canada to Chile - is also planning to double its electric vehicle fleet from 327 units, the division's chief executive, Mike Parra, told Reuters. "Just this year there will be $137 million in the Americas, in operation expansions, installation and building capacity; the other part is investments in airplanes," Parra said, adding that the company will add a new flight from Miami to South America in July.