DHL 2004 Annual Report Download - page 51

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The international market for air freight – measured in terms of the revenue deter-
mined by IATA* – amounted to € 22.1 billion in 2003. We have succeeded in maintaining
our leadership, as the following table shows.
Market shares in air freight
Market volume: € 22.1 billion
in %
2003
DHL Danzas Air & Ocean 6.4
Nippon Express 5.3
Exel 4.7
Kühne & Nagel 3.5
Schenker 3.2
BAX Global 3.1
Kintetsu 2.9
Panalpina (excluding ASB) 2.7
Source: IATA/CASS, company estimates
Global container traffic grew strongly in the year under review, with traffic volumes from
Asia demonstrating the largest growth, as in the previous year. In the course of global-
ization, China in particular is experiencing a veritable boom. It is one of the countries
being targeted by companies that are gradually relocating production with the aim of
reducing costs and penetrating rapidly growing new markets at the same time.
In ocean freight, rates in the year under review remained stable at their previous
high level or increased further, as in the case of routes out of Asia. Various operating
effects in the fourth quarter managed to compensate for the continuing pressure that the
weak dollar is exerting on freight rates in Europe. Freight costs increased in particular
because of additional security measures and the corresponding surcharges.
Container shipping transport volumes in 2003 amounted to around 66 million
TEUs. In our estimation, about one quarter of the ocean freight market is controlled by
freight forwarders. We were able to defend our position as number two in the market
segment, as the following table shows. Indeed, we are market leader in the less-than-
container-load (LCL*) segment.
Market shares in ocean freight
Market volume for forwarding: €17.2 million TEUs
1)
in %
2003
Kühne & Nagel 7.3
DHL Danzas Air & Ocean 5.5
Schenker 4.1
Panalpina 4.0
Exel 2.9
1) Twenty-foot equivalent units
Source: Global Insight Trade Databank, annual reports/publications, company estimates
* These terms are explained in the Glossary
Economic Environment
47
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