Cargo forwarder DHL said it anticipates a surge in exports from China to drive a preponderance of transport and cargo processing over the final months of 2024, citing the country’s figures as it announced millions in planned investments to finish out the year.
The German-owned firm said it expects a “high-volume increase on the China outbound lane to the rest of the world during the coming peak” in a company statement released on Thursday.
DHL said it plans to spend €100 million (US$110.3 million) worldwide over the fourth quarter in anticipation of a glut of deliveries.
“The fourth quarter is the traditional peak period, as it coincides with the West’s holiday season,” said Jayant Menon, senior fellow at the ISEAS-Yusof Ishak Institute in Singapore.
