DHL to Run New $44 Million Campbell Soup Logistics Hub
The Campbell Soup Co. broke ground Aug. 8 on a $44 million distribution center in Hancock County, Ohio, that officials said will serve as the company’s future Midwest distribution hub.
August 9, 2017Cathay Pacific to Buy Out Partner DHL’s 40% Stake in Cargo Unit
Cathay Pacific Airways Ltd. agreed to buy out the stake owned by partner DHL International GmbH in a cargo venture as the premium Asian carrier revamps its operations as part of a three-year transformation program.
July 7, 2017DHL Acquires UK Mail for $315.5 Million
Deutsche Post DHL Group has agreed to acquire UK Mail Group on Sept. 28 for 242.7 million pounds ($315.5 million), enhancing the company’s presence in the e-commerce market in Great Britain.
September 29, 2016Deutsche Post Profit Rises Fastest Since Late 2011 on Parcels
Deutsche Post AG’s quarterly profit jumped at the fastest pace in 4 1/2 years after prices increased and deliveries on behalf of internet-based retailers rose. The stock gained to an eight-month high.
August 4, 2016European Logistics Operators Deutsche Post, DSV Boost First-Quarter Results
Two European logistics operators with a U.S. presence have reported higher first-quarter earnings by raising profit margins on businesses such as small parcels and ocean freight.
May 13, 2016Deutsche Post Stands by Growth Targets as Amazon Threat Looms
Deutsche Post AG stood by profit targets through the end of the decade, dismissing the threat posed by customer Amazon.com's expansion into parcel deliveries.
May 9, 2016DHL Expands Shipping Presence in Memphis
DHL is moving into a new, larger center next to Memphis International Airport to serve Tennessee, Arkansas and Mississippi, the international shipping company announced Jan. 18.
January 19, 2016Exel Changing Name to DHL Supply Chain
Exel, the Westerville, Ohio, firm ranked No. 6 on the Transport Topics list of the Top 50 largest logistics companies in North America, has announced it is changing its name to DHL Supply Chain in 2016.
January 6, 2016DHL Express Announces 4.9% Rate Hike in 2016
Package carrier DHL Express on Nov. 19 announced a 4.9% average rate increase for U.S. customers next year, matching the direction of package pricing adjustments by UPS Inc. and FedEx Corp.
November 23, 2015Deutsche Post Profit Plunges 71% on Software-Project Costs
Deutsche Post AG’s third-quarter profit plunged 71% after the German delivery company booked 345 million euros ($372 million) in costs from a failed software project. The shares dropped the most in 2 1/2 months.
November 12, 2015