DHL Says Near-Term Economic Outlook Looks Not-So Bright

DHL Group’s outlook through the first half of the year “doesn’t look so bright on the macroeconomic side” — particularly in Europe and on the business-to-business side of its operations, the company’s chief executive said.

“On trade, we see a certain slowness,” CEO Tobias Meyer told Bloomberg TV on Wednesday just after Bonn, Germany-based DHL’s 2023 financial results were released. “It’s bottoming out, so there’s clearly not the freefall that we’ve seen in the middle of last year.”