DHL-Global Forwarding turns bearish, drops new freigher plan
ONCE bullish, DHL Global Forwarding has turned bearish on the prospect of increasing full freighter flights in coming months, reports London's Loadstar
04 December 2018 - 10:25
'Any discussion of bringing in a third freighter is not something we are able to talk about now,' said DHL Global Forwarding CEO Tim Scharwath at a recent press conference.
This appears to counter DHL's American forwarding chief David Goldberg, who recently stated: 'We forecast that markets like the US will continue to increase and, as the market-leading air freight forwarder, we just can't live on commercial capacity.
'We need to be able to provide steady and predictable service levels, but also steady rates to our customers, throughout the year,' he said.
But these are sobering times for the Bonn-based logistics giant now that speculation is rife that Kuehne+Nagel will take over Panalpina to create the world's largest forwarder.
If combined, revenues would be slightly ahead of DHL at US$28.2 billion compared with the German forwarder's $27.6 billion, noted London's Air Cargo News. The first three quarters of 2018 saw K+N's air freight volumes grow 16 per cent while Panalpina was up four per cent while DHL Global Forwarding has recorded a decline of 4.2 per cent. Thus, the two Swiss firms are growing faster than their German rival.
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