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Air cargo growth to lift Deutsche Post DHL Group's revenues in 2017
DHL Group's Global Forwarding, Freight has been one of the stronger operating segments to contribute to group revenue in 2017.
Through the first half of the year, DHL Group's operating revenues have grown by seven per cent, while EBIT has increased at almost the same rate. The Global Forwarding, Freight segment has grown at eight per cent over the same period. This performance has only trailed eCommerce and Express revenue segments, reported New York's Seeking Alpha.
Deutsche Post DHL Group has been making very solid progress on its EBIT targets over the past year and a half. Total operating revenues are expected to rise by greater than five per cent from 2016. The group is on track to generate EUR4.2 billion (US$5.071 billion) in EBIT by year-end 2018.
The group plans to double its air freight capacities to support growth for Norwegian seafood exports to South Korea. The company launched the new service earlier in May, and will soon double its flight frequency by deploying a dedicated B747-400 cargo plane to ship seafood from Oslo to Seoul and Shanghai twice a week.
Through the first half of the year, DHL Group's operating revenues have grown by seven per cent, while EBIT has increased at almost the same rate. The Global Forwarding, Freight segment has grown at eight per cent over the same period. This performance has only trailed eCommerce and Express revenue segments, reported New York's Seeking Alpha.
Deutsche Post DHL Group has been making very solid progress on its EBIT targets over the past year and a half. Total operating revenues are expected to rise by greater than five per cent from 2016. The group is on track to generate EUR4.2 billion (US$5.071 billion) in EBIT by year-end 2018.
The group plans to double its air freight capacities to support growth for Norwegian seafood exports to South Korea. The company launched the new service earlier in May, and will soon double its flight frequency by deploying a dedicated B747-400 cargo plane to ship seafood from Oslo to Seoul and Shanghai twice a week.
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