DHL airfreight up 2.4% to 4m tonnes in 2014
Deutsche Post DHL’s global forwarding arm overcame a weak 2014 first half to record a full year 2.4 per cent increase in airfreight volumes to just over four million tonnes, compared with a year earlier.
April 1, 2015
Deutsche Post DHL’s global forwarding arm overcame a weak 2014 first half to record a full year 2.4 per cent increase in airfreight volumes to just over four million tonnes, compared with a year earlier. Announcing full year 2014 results, the Germany-based global post, express, freight and logistics giant said “margin pressure continued to rise over the course of the year,” for its air cargo business.
In light of the falling oil price, major customers engaged in aggressive competitive bidding in the second half of the year. “Furthermore, airlines reduced their capacities, in particular along the very busy routes from Asia,” the group said.
DP DHL added that as airlines brought more wide-body passenger aircraft into service, air freight rates saw a decline in the first half of the year. “In contrast, freighter capacities as a proportion of overall capacities decreased to 37.6 per cent in the reporting year, from 38.5 per cent in 2013, as major freight carriers deployed their maindeck capacity more selectively.
“This situation, in conjunction with a strong increase in demand, resulted in increased pressure on capacity buying rates in the second half of the year. After transporting 2.2 million export freight tonnes in the previous year, we remained the air freight market leader in 2014.”