Deutsche Post’s 4Q Profit Improves

Deutsche Post, the Germany-based parent company of DHL USA, said its fourth-quarter financial results due to the economic recovery, the Associated Press reported.

Net income rose to about $677 million, from $390 million a year ago, while revenue rose 12% to about $19 billion. Bonn, Germany-based Deutsche Post reports its earnings in euros.

The company, which also has mail operations in Europe, said the economic recovery helped it to make more money, AP reported.

Deutsche Post put more money into its online business and invested in new equipment. It also made a one-time payment to employees.

For the year, income rose to about $3.5 billion. Revenues grew 12% to about $70.9 billion.

DHL USA is ranked No. 3 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.