Logistics: Sales stagnated in 2020

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Published on: April 29, 2021 / update from: April 30, 2021 - Author: Konrad Wolfenstein

Logistics: Sales stagnated in 2020 – Image: VECTORY_NT|Shutterstock.com

Logistics: Sales stagnated in 2020

The year 2020 was not very successful for most logistics companies worldwide. Many logistics companies have only experienced slight changes in sales compared to the previous year, if at all. Not the Deutsche Post DHL Group - the largest German logistics group was able to increase sales by 3.5 billion euros in 2020 compared to 2019. DSV Panalpina (15.6 billion euros) and the US Expeditors (10.1 billion euros) also reported sales growth of 26 and 19 percent respectively, as the Statista graphic shows.

Things will continue to be profitable for Deutsche Post in 2021. The logistics group reported a record profit of 1.9 billion euros in the first quarter, more than three times as much as in the same period last year. Especially because the order situation for Deutsche Post and DHL has remained at a consistently high level during the pandemic.

Logistics: Sales stagnated in 2020

The year 2020 was not very successful for most logistics companies worldwide. Many logistics companies heard only slight changes in revenue, if any, compared to the previous year. Not Deutsche Post DHL Group, for example – Germany's largest logistics group still managed to increase revenue by 3.5 billion euros in 2020 compared to 2019. DSV Panalpina (15.6 billion euros) and US-based Expeditors (10.1 billion euros) also posted revenue growth of 26 and 19 percent, respectively, as the Statista chart shows.

For Deutsche Post, things will continue to be profitable in 2021. The logistics group reported a record profit of 1.9 billion euros in the first quarter, more than three times as much as in the same period last year. This is mainly because the order situation for Deutsche Post and DHL has remained at a consistently high level during the pandemic.