DHL calls out air cargo contribution to 16% Q3 profit gain
Third-quarter results continued DHL Group’s profit momentum. The post DHL calls out air cargo contribution to 16% Q3 profit gain appeared first on FreightWaves .
DHL reported a 16% increase in operating profit to $1.9 billion in the third quarter, fueled by the Express, Forwarding and Supply Chain divisions. The company's revenue rose 12.6% to $25.36 billion, with operating margin improving to 7.6%. DHL's Adjusted EBIT was up 8.5% year-over-year. The company's full-year earnings guidance was raised to $7.8 billion, exceeding earlier estimates.
DHL Express' EBIT surged 50% to $1.16 billion, driven by higher transported weight per day, disciplined pricing, and capacity management. The company's targeted high-margin industry verticals, including healthcare and data centers, contributed to the profit growth. DHL benefited from temporary capacity constraints due to the Iran war rerouting and hyperscaler demand, resulting in an extra $112 million in extra EBIT.
DHL's performance highlights the resilience of global trade and the growing demand for integrated logistics services, particularly in data centers and e-commerce.
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