3PL Update – Deutsche Post considering spining off of DHL Global Forwarding

DHL Global Forwarding may be sold or spun off by German parent group Deutsche Post, with Japan Post a possible buyer, claims news agency Reuters, citing “two people familiar with the matter”.

According to Reuters, Deutsche Post is assessing whether to spin off its “ailing” freight forwarding operation or make an outright sale, allowing it to focus on its mail and DHL Express freight business.

Interesting to note that Japan Post is buying up freight forwarders like Toll Global Forwarding and Deutsche Post is looking to offload them!!

 

 

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