With the strengthening of the US Dollar, North-America was the best-performing region. Canada increased by 12.8%. And while the US saw a rapid acceleration in import and export, India rose more than any other country with a whopping 31.3% increase in trade, comfortably beating its previous record of 19.4%.
Also, we have another company that made headlines – Deutsche Post DHL Group. They published that their Q2 EBIT was completely in line with their expectations.
The Deutsche Group revenue improved to more than EUR 15 billion in Q2. They witnessed an organic increase of 6.2%. The overall profitability of DHL divisions i.e. Express, Global Forwarding, and Freight and Supply Chain considerably increased, but due to higher transportation and staff costs, the performance of their Post, E-commerce, and Parcel divisions fell back. They have actively implemented a program that will align the divisions toward long-term growth.
According to the report, they are on the track to achieve their 2018 targets and are pretty confident of meeting their 2020 forecast. Their CEO, Frank Appel, confirmed that they are clear about the challenges that lie ahead and they are already implementing the necessary measures that are required to overcome them.