DHL to invest $2m

DHL International, an air express courier service, reported Monday that it plans to invest dollars 2 million in its Russian retail network in 2002, Prime-Tass reported.

The company expects its revenues from Russian operations to be more than dollars 3.5 million annually in the near future. So far this year, the DHL express and service centers’ revenues amounted to dollars 1.5 million.

DHL plans to develop its network mostly in St. Petersburg and Moscow. Copyright 2001 IM Independent Press Ltd. Source: World Reporter (Trade Mark).