Mexico: DHL too speedy for deceleration
EL FINANCIERO 22nd October 2001
MEXICO: DHL TOO SPEEDY FOR DECELERATION
Express delivery group DHL is set to keep up growth levels of over 15% in 2001 – it has averaged 25% growth in the last 6 years – despite these troubled times for Mexico. In 2000, the group posted a turnover of US$200mil. Results could well be 20% below original predictions however. Its 65% share of services to the US is down to 60% but services to Europe and South America are up. It is attracting more importers thanks to its new Import Express product – at present, the importers’ market represents a total of US$150mil in Mexico and DHL makes off with 10%. Offering door-to-door tariffs, DHL hopes to win over 35% of importers into Mexico (as it has with exporters out of Mexico), aided by the fact that so many of them operate in or through the US, allowing DHL to issue one tariff and one bill. It regards 2002 as unpredictable. DHL has a presence in 600 Mexican cities and has 123 customer relations Express centres, 49 operating stations and 1,040 vehicles. Deutsche Post owns 51% of DHL.
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Copyright: SABI (South American Business Information)
