The world’s largest logistics provider is steering clear of the sector’s increasingly active mergers-and-acquisitions market. “In global forwarding…there is a lot of M&A activity going on, but we are still the largest,” Mr. Appel said. Operating profit fell 15.5% for the full year, but DHL forecast that should rise to between $4.42 billion and $4.88 billion in 2019. Newsletter Sign-upThe company’s freight-forwarding and logistics operation is among a small group of businesses at the top of a highly fragmented world-wide market. “The prices are high,” Mr. Appel said.

Source: Wall Street Journal March 17, 2019 10:52 UTC