DHL sees early signs of its Asia business stabilizing amid slump

Discussion in 'The Latest USPS, Amazon, and DHL Headlines' started by cheryl, Apr 25, 2009.

  1. cheryl

    cheryl I started this. Staff Member

    DHL sees early signs of its Asia business stabilizing amid slump - Manilla Bulletin

    Express cargo carrier DHL has seen its Asia business stabilizing since March, offering further hope that negative fallout from the global downturn may be starting to ease.

    After seeing volumes drop off last August and September, DHL, a unit of Deutsche Post has seen its business ''bottoming out'' over the last six weeks, Stephen Fenwick, senior vice president of operations for the Asia Pacific, told Reuters in an interview on Friday.

    ''We're hoping it's not just a dead cat bounce,'' he said.