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DHL also operates a separate parcel service targeting the German consumer market in conjunction with Deutsche Post. The company DHL itself was founded in San Francisco, United States in 1969 and expanded its service throughout the world by the late 1970s. DHL is an initialism of the surnames of the original company's founders. [7]
DHL Global Forwarding, formerly known as DHL Danzas Air & Ocean, [1] is a division of Deutsche Post DHL providing air and ocean freight forwarding services. It also plans and undertakes major logistics projects under the brand name DHL Industrial Projects. Together with DHL Freight, it forms Deutsche Post's Freight/Forwarding department.
A freight forwarder or forwarding agent is a person or a company who co-ordinates and organizes the movement of shipments on behalf of a shipper (party that arranges an item for shipment) by liaising with carriers (party that transports goods).
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DHL Group was the largest logistics company worldwide in 2022. [5] [better source needed] DHL Group is the successor to the German mail authority Deutsche Bundespost, the oldest modern postal service in the world, [6] tracing its roots to the middle ages. It was privatized in 1995 and became a fully independent company in 2000.
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The courier industry in United States is a $59 billion industry, with 90% of the business shared by DHL, FedEx, UPS and USA Couriers. On the other hand, regional and/or local courier and delivery services were highly diversified and tended to be smaller operations; the top 50 firms accounted for just a third of the sector's revenues.