DHL bloom in the Philippines

DHL has firmed up its market share in the Philippines, capturing 51% of the field, reports Inquirer.

DHL has firmed up its market share in the Philippines, capturing 51% of the field, reports Inquirer.

The company also announced it is to open another service centre in Northern Luzon.

The decision comes after FedEx closed its hub at the Subic Bay International Airport recently.

DHL country manager Ahmad Mohamad said the company further solidified its position as the Philippines’ top logistics solutions provider after rival FedEx shut its local distribution hub early this year.

“When FedEx closed in Subic, we picked up from there,” he told reporters. He said the company now holds the majority of the market, with the recent gains representing about an 8-9% increase from when its closest competitor left for Hong Kong in April.