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DHL's logistics division reaps the benefits of supercharged freight market

German logistics giant DHL reports significantly higher revenue from ocean freight in the first half of the year, with the frenzied freight market from Asia to Europe and the US contributing to the growth. The company maintains its projections.

Photo: Daniel Reinhardt/AP/Ritzau Scanpix

German DHL Global Forwarding, the logistics division at DHL, reports significant progress in 2021 so far, much like others in the industry.

The company's operating result (EBIT) comes out to EUR 528 million (USD 625 million) in the first six months of the year, nearly doubling the EBIT of EUR 264 million from the same period last year, which was marked by lockdowns and low demand due to the Covid-19 pandemic.

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