Deutsche Post’s Earnings Rise

Deutsche Post AG, parent of DHL Americas, said Tuesday its first-quarter profit rose 4%, due to lower costs and higher prices for its U.S. express unit’s services, Bloomberg reported.

Net income rose to 499 million euros (about $680 million) or 41 cents a share, from about $650 million or 40 cents a year ago.

Sales rose 4.4% to $21 billion.

The express unit’s performance was a “positive surprise,” one German analyst told Bloomberg.

DHL Americas is ranked No. 4 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.