DHL riding China’s export wave with millions in new investments

Quick Summary:

The cargo forwarder will expand operations, as China’s strong export figures suggest the holiday season will buoy industry through 2024.

According to official data from August, China’s exports are holding strong, and analysts said pre-holiday shipments of merchandise to Europe and the US should bolster those figures.“The fourth quarter is the traditional peak period, as it coincides with the West’s holiday season,” said Jayant Menon, senior fellow at the ISEAS-Yusof Ishak Institute in Singapore.

DHL said it plans to spend €100 million (US$110.3 million) worldwide over the fourth quarter in anticipation of a glut of deliveries.

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Article Details

Author / Journalist: Danielle Popov

Category: Business

Markets: Hong KongChinaSingapore

Topics: Preponderance Figures Surge Cargo China Exports Quarter Fourth Drive Forwarder Anticipates

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-13 @ 21:30:09 (4 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 153 words

Reading Time: 1 minutes read

Sentences: 4 lines

Sentence Length: 39 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 22570993

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