This can clearly be seen by the move to put $50 million into the expansion of its Cincinnati hub in the United States, which will see DHL Express increase the reach of its North American network. And with the international airport in Shanghai getting a new North Asian hub, this investment of $175 million demonstrates that the company means business.
As well as more money being devoted to DHL Express, the Global Forwarding division is also getting a new IT infrastructure.
Speaking to shareholders, Deutsche Post DHL CEO Frank Appel said:
“2011 was a very good year for our group. We met all of our targets and have – by continuing to implement our Strategy 2015 – further bolstered the foundation for future growth.” The positive start into the current year – the group increased revenues and earnings in all divisions in the first quarter – pointed to a continuation of the company’s profitable growth trend.”
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