DHL Express Americas to invest $137 million in operational capacity this year

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Delivery packages are seen inside the new DHL Express hub of German postal and logistics group Deutsche Post DHL at Roissy Charles de Gaulle airport in Tremblay-en-France near Paris, France, October 5, 2021. REUTERS /Sarah Meyssonnier

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BOGOTA, May 18 (Reuters) – The Americas division of German logistics giant Deutsche Post AG (DPWGn.DE) will invest $137 million this year in increasing its operational capacity, including in aircraft, it said on Wednesday. its director.

DHL Express (DHL.UL) in the Americas – which covers countries from Canada to Chile – also plans to double its fleet of electric vehicles by 327 units, the division’s chief executive, Mike Parra, told Reuters.

“This year alone, there will be $137 million in the Americas, in operational expansions, facilities and build capabilities; the other part is aircraft investments,” Parra said, adding that the company will add a new flight from Miami to South America in July. . “The last part of the investments concerns electric vehicles.”

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Revenue for the Americas division increased 29% last year from a year earlier, to 5 billion euros ($5.23 billion).

The company is sticking to its EBITDA projection of 8 billion euros for this year, Parra said, although results will depend on the next three months and global pressures such as lockdowns in China, war in Ukraine and high inflation.

“In March and April, we started to see the impact of China in terms of the pandemic and … also in terms of supply and movement in Ukraine,” Parra said in a telephone interview.

Rising inflation around the world has led to higher gasoline prices, he added.

“So far we are keeping the guidance we have given to the market, but I don’t know if that will change or not, a lot will depend on the next 90 days,” he said.

Once coronavirus restrictions in China are lifted and prices moderate, Parra said he expects shipments to increase.

“We’re going to see a lot of material coming from China to many countries in the Americas because demand is greater than capacity right now.”

($1 = 0.9557 euros)

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Reporting by Nelson Bocanegra Writing by Julia Symmes Cobb Editing by Jonathan Oatis

Our standards: The Thomson Reuters Trust Principles.

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