
DHL sees express logistics market share in Asia growing 1-2 pct annually
DHL said it expects its share in Asia Pacific’s express logistics market to grow at a steady rate of 1-2 pct in the next few years, mainly due to its China operations. ‘At the moment, we believe we are taking 1-2 pct market share a year (from our competitors) and we expect that to continue for the next few years,’ said DHL Express Chief Executive Officer for Asia Pacific John Mullen.
Mullen said the company’s share of the Asia Pacific express logistics market currently stands at about 40 pct with FedEX having a 29 pct market share and UPS and TNT Express with 19 pct and 12 pct, respectively.
Read More