Deutsche Post DHL warns of COVID-19 impact, electronics already sliding — Panjiva
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Deutsche Post DHL warns of COVID-19 impact, electronics already sliding

China 2393 Coronavirus 256 Corp - Forwarders 222 Info Tech - Tech Hardware 550 Mode - Containerized 1179 Mode - Seaborne 1501 U.S. 4229

Deutsche Post DHL has warned that the impact of COVID-19 coronavirus disruptions could cut EBIT in February by 60 million and 70 million euros ($66 million to $77 million). That’s equivalent to 1.6% of 2019’s total. The firm has stated it “sees more significant effects for the DHL Express and DHL Global Forwarding divisions, where the business is particularly affected with regards to cross-border trade flows into and out of China” though it has also noted that a “phase of recovering production volumes can also have an offsetting positive effect”. U.S. seaborne imports handled by DP-DHL f...

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