Wall Street Journal: Deutsche Post AG subsidiary DHL plans to invest more than 400 million euros (US$490.6 million) in China over the next few years to better tap into the country's growing demand for logistics services. DHL's focus on Asia in recent years has helped it build a more comprehensive intra-Asian business than rivals FedEx Corp. (FDX) and United Parcel Service Inc. (UPS), which are more focused on longer-haul routes from the region to Europe and North America. That focus has paid off as the economic troubles in the West have hurt demand for logistics services, and DHL executives said Wednesday they expect demand for trade within Asia to remain robust despite signs of slowing growth in China. Chief Executive Frank Appel said the company has invested more than $2.5 billion in Asia over the last couple of years, with Greater China, including Taiwan and Hong Kong, contributing about 10% of the company's total revenue. Read more!
