how's shaking things up at dhl? i think we've not to things up at dhl?up at dhl? i think we've got to move at _ things up at dhl? i think we've got to move at the _ things up at dhl? i think we've got to move at the right - things up at dhl? i think we've got to move at the right pace. | got to move at the right pace. we can overinvest in some elements of technology, but this technology not necessarily gets a return. i think we have three focus on what is the benefit for our customer. it is a bit of it for employee? was a bit is that for operation efficiency. those with the three questions we ask ourselves.— three questions we ask ourselves. ~ . ., ourselves. what are you most optimistic _ ourselves. what are you most optimistic about _ ourselves. what are you most optimistic about for _ ourselves. what are you most optimistic about for the - ourselves. what are you most optimistic about for the year | optimistic about for the year ahead? fist optimistic about for the year ahead? �* , ., ahead? at this time of the ulobal ahead? at this time of the global

. ., ., ., how is it checking things up at dhl? ~ ., ., ., ., dhl?e right place- we _ dhl? we have to move at the right place. we can _ dhl? we have to move at the right place. we can over - dhl? we have to move at the| right place. we can over invest in some elements of technology, this technology and not necessarily get the return. we have to be very focused on what is the benefit for our customer, the benefit for our employee and what is the benefit of operation efficiency. those are the very same questions we asked ourselves when we embarked upon this digitalisation journey. talking about connectedness and globalisation, what are you most optimistic about for the year ahead? that most optimistic about for the year ahead?— most optimistic about for the year ahead? at this time, the re ort year ahead? at this time, the report makes _ year ahead? at this time, the report makes something - year ahead? at this time, the report makes something very| report makes something very clear. we are here to publish the report, extremely positive and the sentime

late things, how is it checking things up at dhl? we have to move at the _ things up at dhl?e to move at the right pace, i things up at dhl? we have to move at the right pace, we i things up at dhl? we have to. move at the right pace, we can over invest in some elements of technology of this technology and not necessarily get any return. we have to be very focused on what is the benefit for our customer, what is the benefit for our employee, what is the benefit for operational efficiency. those are the three same questions we asked ourselves when we embarked on this digitalisation journey. from transporting goods to transporting people, the post pandemic travel boom is by under way with little sign of slowing down of the horizon. booking .com bit expectations in the last free months of 2023 and that was largely because of and that was largely because of a strong recovery in asia. the platform seeing group bookings jumping by more than 10%. providers including hotel chains marriot and hilton said amount of us will normalise this year after it was pandemic struck. the ceo booki

how is it shaking things up at dhl?e right pace, we can over invest in some elements of technology of this technology and not necessarily get any return. we have to be very focused on what is the benefit for our customer, what is the benefit for our employee, what is the benefit for operational efficiency. those are the three same questions we asked ourselves when we embarked on this digitalisation journey. we talk about connectedness and globalisation what are you most optimistic about for the year ahead? at optimistic about for the year ahead? �* , ahead? at this time in the re ort ahead? at this time in the report would _ ahead? at this time in the report would make - ahead? at this time in the - report would make something very clear, we are here to publish the report which is extremely positive and the sentiment towards current and mid and long—term sentiment towards globalisation in all aspects of that, here and now we are also talking at a time when the global economy and trade is relatively weak. the two togethe

dhl group ceo tobias meyer joins us now.ast coming in slightly more conservative than some analysts expected, below the estimates. what is behind that relatively cautious forecast for the year? tobias: yeah, it is simply that the relatively slow start that we are seeing and the outlook for the coming months for the first quarter, first half just does not look so bright and that's on a macroeconomic side, but also on trade. we see a certain slowness. it is leveling out. there is clearly not the freefall we see in the middle of last year but we are not at a stage where we see that stimulus, particularly on the b2b side of our business, express cargo being shipped from asia. within asia, there is a lot of weakness in the sector. b2c, the trend very much intact again so that's clearly a positive in our business portfolio but the b2b side, the recovery seems to be slower. tom: what does that mean for the outlook for volumes, tobias? tobias: so what we have seen last year on the volume side is a drop, particularly on the airfreigh

how is it shaking things up at dhl?e right pace, we can over—invest in some elements of technology, of this technology, and not necessarily get any return. we have to be very focused on what is the benefit for our customer, what is the benefit for our employee, what is the benefit for operational efficiency. those are the three same questions we asked ourselves when we embarked on this digitalisation journey. from transporting goods to transporting people. the post—pandemic travel boom issel under way, with little sign of slowing down over the horizon. booking.com beat expectations in the last three months of 2023, largely because of a strong recovery here in asia. with the platform seeing room bookingsjump by 10%. but bookings jump by 10%. but providers bookingsjump by 10%. but providers including hotel chains marriott and hilton say that demand in the us will normalise this year after a post—pandemic spike. the ceo of booking.com gave me a sense of what's next for the travel industry. we are pleased with the fact that

dhl announced this. dmitry maruka will tell you about who transports goods through russia where.bustling canal are forcing carriers to turn to more reliable overland routes. more goods travel from china to europe via russian railways. in particular , german dhl reported that requests for cargo transportation through russia have increased by about 40% since the end of last year. in turn , railgate europe records an increase in demand by 25-35%. a railbridge cargo, headquartered in the netherlands, said transit through russia was 31% higher than last year. we are talking about a corridor. the new silk road , the so-called, we are talking about transportation by rail from china through the border crossings either china-kazakhstan to the altinkol junction, or through the replacement of the trans-baikal crossing program from mongolia to russia, containers are sent by container trains further through the territory of kazakhstan, russia, belarus, and mainly the main route of the novogolkovo route, it goes through the program move on and on. accordingly, it enters poland. until recently,

few people have their finger on the pulse of global supply chains the dhl. that is coming up.his is bloomberg. ♪ tom: welcome back, at times for terms of trade, our weekly deep dive into globalization, and earlier this week the 1.6 mile long francis scott key bridge in baltimore collapsed in a matter of seconds, but the consequences of a container ship crashing into the bridge are said to last for weeks. another wrinkle to global trade exposing the fragile nature of some of these supply chains. i am joined by melanie kries, the cfo of dhl global, someone in the company with the finger very much on the pulse of global trade and supply chains. we will talk to about interest rates and when you get your views on what is happening in the red sea and in terms of how supply chains and trade over testing, but i want to start on the baltimore question and what you when the team are seeing in terms of the broader impacts. what is the data and what is your business telling you about the impact? >> thank you for having me. the pictures of the crash are spectacular, and it is very sad that

in particular , german dhl reported that requests for cargo transportation through russia have increasednce the end of last year. in turn , railgate europe records an increase in demand by 25-35%. and railbridge cargo with its headquarters. kazakhstan, russia, belarus. and predominantly the main route of the new silk road, it goes through the brest-malashevich program crossing, and then, accordingly, enters poland. until recently , about 15% of all global cargo transportation accounted for the suet canal, however, due to the attack by the yemeni houthis, international logistics companies began to increasingly avoid this route. as a result, in the first 2 months of this year, cargo flow decreased by 55%. at the same time , volume increased by almost 75%. transportation along the roundabout route through the cape of good hope, but it is significantly longer, the flight time between shanghai and rotterdam has increased from 10 to 50 days, while the transportation time by rail through russia from chengdu, china to duisburg, germany, is currently only 25-30 days, which is much faster. other a

the fact that russian railways is actually a monopolist on the transit route, and there is the same dhl work directly with russian railways, and they actually state this, but at the same time they can act as an agent, that is, in essence, there is some other intermediary who takes on the head battle associated with transit through the territory of the russian federation. phenomena to russia from the asian direction are growing steadily from year to year, based on the results of the twenty-third transportation through border points with china increased by 24%. the modernization of the eastern training ground in the past plays a big role here. in 2018, its carrying capacity amounted to 173 million tons, this year it is planned to increase it to 180. significant investments are required for further growth of rail transportation. the investment program of russian railways for this year has been approved in the amount of more than a trillion rubles, about a quarter of this amount will be directed to the development of the infrastructure of the eastern training ground. you can endlessly wait

i spoke with john, from dhl.alk about some of the supply chain diversification. >> i think the same quality is not great, but i've talked to a level of global connectedness being at an all-time high, and i've stood in front of your audience before and said very similar things that as we publish this globalization report every year or so, it continues to show the resilience and the effectiveness of globalization going forward. this addition is no different than the additions in the past. globalization is at an all-time high. it's not giving way to regionalization. there's no fracturing of global trade along the lines of geopolitical ally groups. and, thirdly, corporate globalization which is a new finding from the study, if you will, is at a new all-time high in the sense that corporates are looking more to overseas for their sales, their expansion plans, distribution centers, manufacturing sites, and regional offices. as a scorecard, we're very pleased with global connectedness, and despite all the things going o

jonathan: ceo of dhl supply chain oscar de bok to discuss on their front.s on the dish equity futures obvious to me -- equity futures on the s&p 500 unchanged. this is bloomberg. ♪ her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”. you sing about “price lock” on those commercials. “the price lock, the price lock...” so, if you could change the price, change the name! it's not a lock, i know a lock. so how can we undo the damage? we could all unsubscribe and switch to xfinity. their connection is unreal. and we could all un-experience this whole session. okay, that's uncalled for. jonathan: it is a sleepy start to thursday morning. good morning to you. equity futures unchanged on the s&p. on the nasdaq, too. it's a fifth you know the numbers, from the end of october, a move of 25%. quite a rally in the bond market. a very different story compared t

so it's also called for more 80 to bridge palestinian civilians and dhl exciting around these widow joined an antique protest in germany, a young a fine. i waited outside the russian embassy to vote in the presidential election and to join thousands of other people count that even though they demonstrate against russian liter flat. i mean i'm next. i spoke to the not just another day. so much is happening all at once. we take time to understand this is the day i'm in that's look at current use events, analyzed by experts and critical thinking is weekdays on d w in charlotte the kind of energy move people, the on the world. ha.

according to the financial times, german dhl says there is a 40% increase in requests for this route.nies railgate europe and railbridge cargo note an example of a jump. if i were going to agree to the protesters' demands, what should i do? prohibit something that is already prohibited? due to the fact that the european commission provided benefits to ukraine, eu farmers are already on the verge of ruin, they are blocking border checkpoints and interfering with the transit of products, as reported ministry of economy of ukraine, because of this , imports of goods by road transport fell by 14% over the month. that's all for now, more news in the next hour. for a new job, grandma, what a hat, for a new job 10 minutes, many new vacancies every day, avita job, you will find not just a job, but your place. rolfultra oil, created using innovative gta and pao technologies, ensures maximum engine performance. rolf ultra - a new era of motor oils. one of my friends asks me to give her snowdrops. nowadays prices for flowers are such that it’s cheaper to buy a smartphone. for example, honor x8 b

; more and more goods are traveling from china to europe via russian railways, in particular german dhlests for the transportation of goods through russia have increased by about 40% since the end of last year. in turn , railgate europe records an increase in demand by 25-35%, and railbridge cargo from its headquarters in the netherlands stated that transit through russia exceeded last year's figure by 31%. we are talking about the corridor of the new silk road, the so-called, we are talking about transportation by rail from china through border crossings or china-kazakhstan to junction altenkol, or through zamonut zabaikalsk, the transition program from mongolia to russia, containers are sent by container, then through the territory of kazakhstan, russia, belarus, and mainly the main route of the new silk road, it goes... through the brest-malashevich border crossing and further, accordingly, it enters to poland. until recently, about 15% of all global cargo transportation occurred through the suet canal, however, due to the attack by the yemeni houthis, international logistics compani

according to the financial times, german dhl says there is a 40% increase in requests for this route.ies railgate europe and railbridge cargo note a jump of about a third. market participants and experts explain the reasons for the increased demand by saying that it is now faster and cheaper. let me remind you. regarding ukrainian grain, if you look to this situation, it raises many questions, because poland has already unilaterally banned the import of ukrainian grain, theoretically, even if i was going to agree with the demands of the protesters, what should i do, ban what is already prohibited, because the fact that the european commission... benefits for ukraine, eu farmers are on the verge of ruin, they block border checkpoints and interfere with the transit of products, as reported by the ministry of economy of ukraine, because of this, imports of goods by road transport fell by 14% in a month. to this a minute so far all the news. order a free credit card with a whole year without interest. and receive a supercake in rubles every month, and also withdraw cash for free from any

more and more goods are traveling from china to europe via russian railways, in particular the german dhl requests for... cargo transportation through russia has increased by about 40% since the end of last year. in turn , railgate europe records an increase in demand by 25-35%, and railbridge cargo, headquartered in the netherlands, stated that transit through russia exceeded last year's figure by 31%. we are talking about the corridor of the new silk road, the so-called. we are talking about transportation by rail from china through. kazakhstan, russia and belarus, and mainly the main route of the new silk road, it goes through the border crossing bresa malashevich, then, accordingly, enters poland. until recently , about 15% of all global cargo transportation. was on the soviet canal, however, due to the attack by the yemeni houthis, international logistics companies increasingly began to avoid this route, as a result, in the first 2 months of this year, the flow of cargo decreased by 55%, while at the same time the volume of transportation along the route increased by almost 75%. a ro

transportation on russian railways has increased from foreign consumers, and the german logistics company dhlrting from december last year. together with the achievements of the policy, they also indicate the frontier of work. communicating with the leadership of russian railways, we proceeded from the principles that there are problems with russian railways today that require our legislative intervention. numerous traffic jams continue to grow near railway crossings, in which, in addition to personal cars, there are buses, taxis, cars, and soon fire brigade, a problem that needs to be solved. i believe that a special federal program is needed to resolve the issue of railway crossings at the federal level, and to provide for these funds in the federal budget in 2025-30, when a new strategy for the development of transport in russia is being formed. previously, the trans-siberian railway was quite calm and not overloaded, but recently, due to the turn of our cargo directly to the far east, what is happening there is that some settlements are being cut along the railway track and people are wai

moreover, the german logistics company dhl estimates this growth at 40%, starting from december lastents, politicians also mark the front work. when communicating with the leadership of russian railways, we proceeded from the principles of what problems there are in uzhda today that require our legislative intervention. numerous traffic jams continue to grow near railway crossings, in which, in addition to personal cars, there are buses, taxis, and fire ambulances, a problem that needs to be solved. i think that a special federal one is needed. program to address the issue of railway crossings at the federal level and 2025-30, when a new strategy is being formed development of transport in russia, provide these funds in the federal budget. previously, the trans-siberian railway was quite calm and not congested. recently, in connection with the reversal of our cargo directly to the far east, what is happening there is that some settlements are being cut along the railway tracks. and people wait to move from one part to another, sometimes for 3-4 hours, this is unacceptable, representa

keep in mind that dhl is citing weakness in air freight. joining me on the cnbc news line is ken huckster. >> good morning, frank. >> you have a price target of 313. that implies a 20% increase from where it is right now. what are you seeing in the stock? >> what we're seeing is this quarter with a lot of pressure from weather we're coming in looking for below consensus. it has pressure from the extra employees they hired from peak season. that's really the leverage we will see throughout the year. you have leftover cost from peak season and continued pressure on the volumes that weigh on express. we could see a quarter where express margins are at break even. the worst quarter we have seen at express since we covered the company, but on ground, we move to double digits. that's the move as you mentioned is the move to the next step. blending the two together and continuing that $6 billion cost cutting program through drive and network 2.0. >> a lot of different initiatives. in june, they are consolidating the companies. if you look at the b

we have a couple in place with dhl express and polar air cargo which has been in place since 2008 ande both successful in expanding service capability. we have a joint venture together with bain capital credit where we acquire aircraft and lease those out. there are several opportunities and ways for us to expand. annabelle: that was michael steen, ceo at atlas and. -- atlus air. watching boeing supplies in asia after the u.s. national transportation safety board says it wil hold a hearing in august in its investigation into boeing's door plug blowout. they are facing not just legal issues but a crisis in confidence as airways turn away from buying their jets. major american carriers have flagged aircraft because of boeing's slowed output. cathay pacific is that the post-its first annual net income since 2019 when it reports earnings later wednesday. that is as a pickup in travel demand and elevated ticket prices help the bottom line. air passenger traffic has risen steadily since china fully reopened borders a year ago. still, demand has not kept pace with the airline's increase in f

and dhl has guarded its stock it's down 25% on the year and will ramp up its share buyback program by 1 million euros while extending it >>> now, ceo tobias mayer told cnbc why it did not approve. >> this is really the main component on our net position as well it's to increasing the amount, which isn't a bad thing because we have a growing business in the u.s. our supply business very successful there, also coming in with good momentum not concerned with that at all i think the house is very well in order we keep high equity ratio to around 34% so we will have the firing power for bigger m & n, but we choose capital as wisely as we can. we want to earn good returns for the capital's shareholders we're very much interested in e-commerce space there will be others interested with us, but as the dhh group we have better ways to declare capital for our shareholders. >>> let's move over to british life who posted generating profits of 1.67 billion pounds in 2023. it with us broadly flat on the year but short of expectations from what it said was a challenging environment. it said it's on

dhl supply chain ceo oscar de bok will join us, and tiffany building of pimco. time of so much change, and we are hearing that consistency is all that matters, and then going forward, they can adapt to any possible shift, as long as there is consistency. jonathan: the opening bell 35 minutes away. positive by almost .5%. from new york city, this is bloomberg surveillance. ♪ >> welcome back to the miami open update, daniel medvedev and koepfer have reached the open finals. from there, there was one way traffic, not only to the german at the baseline, but medvedev is looking good on his favorite surface. tennis channel's daily live coverage starts at 11:00 a.m. manus: a very good morning. this bliss? night continues. up 5% on an fda approval. countdown to the open kicks in now. >> everything you need to get sent for the start of u.s. trading. this is bloomberg the open with jonathan ferro. manus: coming up in the show

dhl which is a similar company has a different profile in europe.s in their air delivery business and on the other side of things, ground that bleeds into express , e.g. excel and also rider, talk about softness in e-commerce, cost-cutting will be the main thing but there's also softness in a number of parts of the business. >> right. waiting for some of that to come back. thank you. courtney, what you expect here? exactly. that's exactly how i would describe it. lululemon is expected to report another strong quarter. comparable sales of more than 12% for the fourth quarter. interestingly, this perennial underperformed the s&p 500 so far this year. still, strong brand momentum expected to continue even in the face of ever increasing competition from everyone like peer pay logo to any other brand that sells their own version of athleisure. expectations are for gross margin expansion to continue from improved inventory positions as well as lower freight costs and as always, investors want to know how are trends quarter today. will lulu give us any clu

a lot of students who come and visit dhl office make what's new. uh, if this does not work, i will have this the moment to have that choice. nothing over it. please let me remind you of your failure now in the early stages of your life and it had mean it and my life. we did a show together, it was uh and could be assured of it. you had done it for a little. that was something reason never got picked up and i just finished side on . and i was very happy and i was a to get and we'll, we will not matter. and we shot this thing in the studio. mm hm. and i remember you were coming and new saying this is what we have done and we've worked very hard and i think that must be the only failure in life. and if i'm, i think my failure to successively shows out a fairly as to 2 successive, i'm actually quite happy and i'm proud of it. if my 8th seniors were not there, my 2 successors wouldn't have been the next one they are. so i think that would be one of the ones that we are most by say at this point in time i was happy that didn't happen because after that y

a lot of students who come and visit dhl office make what's new. uh, if this does not work, i will have this the moment to have that choice, not available. please. let me remind you of your failure now in the early stages of your life and it had mean it and my life. we did a show together, it was a and couldn't be short of it. you had done it for a little. that was something reason. never got picked up and i just finished side on. and i was very happy and i was a, a get and we'll, we will not matter. and we shot this thing in the studio. and i remember you were coming and you're saying this is what we have done and we've worked very hard and i think that must be the only failure in life. and if i'm, i think my failure to successively shows out a fairly as to to success is i'm actually quite happy and i'm proud of it. if my 8 seniors were not there, my 2 successors wouldn't have been the next one. yeah. so i think that would be one of the ones that we almost say at this point in time. i was happy that didn't happen because after that you never worke