Volume growth in air and ocean freight
DHL Global Forwarding generated revenue of €9,410 million (previous year: €9,271 million). This figure was affected adversely by currency effects totalling €283 million; after adjusting for these effects, revenue grew by 4.6% year-on-year. This development only partly reflects the higher growth in volumes because our air freight activities also recorded lower freight rates.
Air freight volumes rose by 7.3% in 2007 above market growth of only around 4%. Revenue decreased slightly due to negative impacts from currency effects and lower freight rates on key trade lanes. Our business performed well, above all in Europe, the Middle East and Africa.
|
DHL Global Forwarding: revenue by segment |
| |||||
|---|---|---|---|---|---|---|
|
€m |
2006 |
2007 |
+/– % | |||
|
Air freight |
4,956 |
4,809 |
–3.0 | |||
|
Ocean freight |
2,657 |
3,014 |
13.4 | |||
|
Other |
1,658 |
1,587 |
–4.3 | |||
|
Total |
9,271 |
9,410 |
1.5 | |||
|
DHL Global Forwarding: volumes |
| |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|
thousands |
|
2006 |
2007 |
+/– % | ||||||
| ||||||||||
|
Air freight |
Tonnage |
4,110 |
4,409 |
7.3 | ||||||
|
Ocean freight |
TEUs1) |
2,400 |
2,764 |
15.2 | ||||||
Ocean freight volumes grew by 15.2% in 2007. Here also, we greatly outperformed the market, which grew only by around 10%. Our revenue growth came to 13.4%. Latin America registered substantial volume and revenue increases and our business in the Middle East, in Africa and in Europe also performed well. Moreover, growth in industrial projects was particularly strong.
