DHL Supply Chain, the logistics unit of Germany’s Deutsche Post, plans to add 10 transportation hubs in China by the end of this year to meet increasing demand for domestic shipping.
"Our customers are growing in China, which is one of the fastest-growing markets for DHL," said Victor Mok, Greater China vice president of DHL Supply Chain Greater China, said at the opening ceremony of its $25 million hub in Shanghai for transportation in eastern China. "China is not only a production base any more, and we are not just moving things for exporters, but also to support domestic consumption in China," Mok told reporters.
DHL group has invested approximately $2.2 billion in the Asia-Pacific region and will continue to make significant investments in the future, Mok said. He added that DHL Supply Chain's growth in China will mostly be organic, though the company doesn't rule out acquisition opportunities.
DHL Supply Chain, which focuses on services for warehousing, road transportation and distribution, also operates four major China transportation hubs in Beijing, Guangzhou, Tianjin and Wuhan. Although officials said Fuzhou and Xian will be among the 10 new hubs, no details were given about the location of the other hubs.
Deutsche Post, headquartered in Bonn, Germany, posted its first annual loss as a publicly traded company last year, after closing DHL Express' unprofitable U.S. domestic business.
"Our customers are growing in China, which is one of the fastest-growing markets for DHL," said Victor Mok, Greater China vice president of DHL Supply Chain Greater China, said at the opening ceremony of its $25 million hub in Shanghai for transportation in eastern China. "China is not only a production base any more, and we are not just moving things for exporters, but also to support domestic consumption in China," Mok told reporters.
DHL group has invested approximately $2.2 billion in the Asia-Pacific region and will continue to make significant investments in the future, Mok said. He added that DHL Supply Chain's growth in China will mostly be organic, though the company doesn't rule out acquisition opportunities.
DHL Supply Chain, which focuses on services for warehousing, road transportation and distribution, also operates four major China transportation hubs in Beijing, Guangzhou, Tianjin and Wuhan. Although officials said Fuzhou and Xian will be among the 10 new hubs, no details were given about the location of the other hubs.
Deutsche Post, headquartered in Bonn, Germany, posted its first annual loss as a publicly traded company last year, after closing DHL Express' unprofitable U.S. domestic business.