DHL invests $137 million to expand operational capacity in the Americas

DHL will invest $137 million in the Americas to expand its operational capacity. Despite the impact of the Chinese epidemic, the Russian-Ukrainian war and high inflation, DHL continues to bet on expanding its operational capacity in the Americas. The new funds aim to double its current fleet of 327 electric vehicles to expand its operations, expand infrastructure construction and increase warehouse capacity, in addition to expanding its fleet of aircraft.

DHL's business scope in the Americas covers all countries in the Americas, forming a super-large radiation circle with the United States as the core business area and covering countries such as Canada and Chile, with more than 160 flights per day. In 2021, DHL's revenue in the United States increased by 29% year-on-year to more than US$5.3 billion.

DHL CEO Mike Parra said that 2022 started well, but the epidemic in China and the war between Russia and Ukraine hit business in March and April, and there were also challenges such as rising energy and fuel costs, rising employee wages and rents. However, as the epidemic in China eases, shipments will soar again. Parra predicts that its Eibtda in 2022 will be 8 billion euros (about 8.5 billion US dollars), and is betting on the realization of this goal in the second quarter.

DHL has also added 44 new Volvo electric trucks to its fleet for operations in Europe. Of these, 40 are Volvo FE electric trucks and Volvo FL electric trucks for delivering parcels in urban areas. DHL has also ordered four Volvo FM electric trucks to meet parcel delivery needs with longer delivery distances.

Editor ✎Estella/

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