DHL Forecasts Growth in Asia as U.S. Sags - Wall Street Journal
DHL Express foresees 13% growth in Asia revenue this year, thanks to robust document- and package-delivery business in the region at a time of a worsening economic slump in the U.S., Europe and Japan.
The forecast by the courier unit of Deutsche Post AG falls short of the 17% average annual increase in revenue it posted in the Asia-Pacific region from 2000 through 2007. But it marks a bright outlook given the slack demand for express deliveries in key Western and industrialized countries.
DHL Express foresees 13% growth in Asia revenue this year, thanks to robust document- and package-delivery business in the region at a time of a worsening economic slump in the U.S., Europe and Japan.
The forecast by the courier unit of Deutsche Post AG falls short of the 17% average annual increase in revenue it posted in the Asia-Pacific region from 2000 through 2007. But it marks a bright outlook given the slack demand for express deliveries in key Western and industrialized countries.
