DHL Group
Deutsche Post AG, trading as DHL Group: the Bonn-based package-delivery and supply-chain group that was the world's largest logistics company in 2022.
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Headquartered in Bonn, Germany, the firm legally named Deutsche Post AG operates under the DHL Group brand and is a German multinational that provides package delivery and supply chain management services.[1] Among global courier companies, DHL Group ranks as one of the largest; its DHL parcel division is a wholly owned subsidiary active in over 220 countries and territories, and the entire group held the position of the world's biggest logistics company in 2022.[1][2] Europe's largest letter-delivery business is the Deutsche Post postal division, which handles 61 million letters daily within Germany.[1]
Key facts and history
It became a fully independent company in 2000 after an IPO on the Frankfurt Stock Exchange on 20 November 2000.[3][4] In December 2016, the group completed the purchase of UK Mail for US$315.5 million (£243 million).[3][5] Deutsche Post started purchasing stakes in DHL International in 1998, and by December 2002 it had bought all the outstanding shares.[4] During 1999 and 2000, the group bought two distribution firms: the Dutch company Van Gend & Loos and the Swiss company Danzas.[4]
The Seattle-based company Airborne Express was purchased by DHL Group in August 2003.[5] For £3.7 billion (€5.5 billion), the group took over the UK logistics firm Exel in December 2005.[5]
What the cited sources add
A 2017 Logistics Manager article reported that operating profit at Deutsche Post DHL climbed by 45 percent to €3.5 billion in 2016, hitting its EBIT target.[6] The same article noted that group revenue fell by 3.2 percent year-on-year in 2016 to €57.3 billion.[6] A 2017 Air Cargo Week article stated that consolidated net profit increased 71.4 percent to €2.6 billion in 2016.[7] The Air Cargo Week article also reported that the group aims to achieve net zero logistics-related emissions by 2050.[7]
A 2019 FreightWaves article reported that DHL Group completed a transaction transferring its supply chain business in China to SF Holding for $793 million.[8] DHL Chief Executive Frank Appel said the deal with SF Holding "is the cornerstone for DPDHL Group to gain unprecedented access to China's immense domestic market".[8]
References
- Wikipedia, "DHL Group" (CC BY-SA 4.0), which cites: "Employees and workplace", Deutsche Post DHL Group (original not read by us) en.wikipedia.org
- Wikipedia, "DHL Group" (CC BY-SA 4.0), which cites: "Company Portrait", DHL Company Portrait; "DHL Group – Umsatz bis 2022" (original not read by us) en.wikipedia.org
- Wikipedia, "DHL Group" (CC BY-SA 4.0), which cites: "Deutsche Post DHL Group completes UK Mail acquisition", UK Mail, 22 December 2016 (original not read by us) en.wikipedia.org
- Wikipedia, "DHL Group" (CC BY-SA 4.0), which cites: "Germany to sell one-third of post office in IPO", CNN Money, 24 October 2000 (original not read by us) en.wikipedia.org
- Wikipedia, "DHL Group" (CC BY-SA 4.0), which cites: "Deutsche Post DHL Group completes UK Mail acquisition", UK Mail, 22 December 2016; "Deutsche Post DHL Group completes UK Mail acquisition", 3 January 2017; "DHL Group Seals Deal for Sale of China-Based Supply Chain Business to SF Holdings" (we also read that source) en.wikipedia.org
- "45pc profit boost for Deutsche Post DHL", Logistics Manager, 8 March 2017. facts only, no text reused. logisticsmanager.com
- Burns, "Revenue falls, but earnings and operating profit up at DHL", Air Cargo Week, 8 March 2017. facts only, no text reused. aircargoweek.com
- "DHL Group Seals Deal for Sale of China-Based Supply Chain Business to SF Holdings". facts only, no text reused. finance.yahoo.com
Each numbered sentence above was checked against the source it cites before publication. Sentences citing Wikipedia adapt text from the English Wikipedia article DHL Group (contributors), used under CC BY-SA 4.0; this entry is available under the same licence. Other sources were used for facts only; no text or images are copied from them.
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Sources
Compiled from Wikipedia and the sources listed below. Text from Wikipedia is available under CC BY-SA 4.0; this entry is adapted from it.
- Wikipedia: DHL Group (CC BY-SA 4.0).
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