Shares of Deutsche Post DHL, UPS and TNT fell in June by single-digit rates while FedEx sharesremained more or less stable compared to May, CEP-Research analysis shows.
In June, Deutsche Post DHL shares experienced the biggest slump with a 7.75% drop as of 30June compared to 29 May. TNT shares dropped moderately by 4.55% while UPS shares decreased slightlyby 2.78%. FedEx was the only integrator with a positive figure showing a minor increase of 0.34%.
In May, shares of FedEx, Deutsche Post DHL and TNT had increased while UPS shares slightlydropped. Deutsche Post DHL shares experienced the biggest rise with a 13.11% increase as of 29 Maycompared to 1 May. TNT shares slightly rose by 3% while FedEx shares showed only a minor increaseof 0.54%.UPS was the only integrator with share prices falling by 1.01% in May.
Over the course of June, Deutsche Post DHL shares fell from €10.07 to €9.29. In the firsthalf of the month, the company’s shares remained more or less stable with some minor ups and downs.But in the last two weeks, shares fell slowly with a minor increase at the end of the month. Sharesstarted to fall after Deutsche Post announced cutbacks in mail operations during the summer and theclosure of its domestic night flight network in Germany as part of wider operational costreductions to cope with lower volumes. Earlier in the month, DHL Express announced 380 job cuts inBrussels following the transfer of its European airline unit EAT from Brussels Airport to itsEuropean air hub in Leipzig. Positive developments in June included the contract with ABX Air foroperating a cargo route between Europe and Africa along with a new aircraft lease and theannouncement of an enhanced strategy in the life sciences and healthcare sector.
TNT shares showed a more moderate drop from €14.51 on 29 May to €13.85 on 30 June. Throughoutthe month, the company’s shares showed continuous ups and downs with a clear upward trend in thelast week of June. Positive developments included the launch of TNT’s South American integratedroad network linking over 30 cities in the “ABC” countries Argentina, Brazil and Chile and theextension of its European road network to Belarus, Moldova, Macedonia and Albania.
Following the downward trend, UPS shares slightly dropped from $51.14 on 29 May to $49.99 on30 June. In the first half of the month, the company’s shares remained more or less stable withsome minor ups and downs. But in the third week of June, shares started to fall continuously torecover again in the end of the month. A significant development in the end of the month was thejoint venture with a Turkish partner company to target stronger growth in the Middle East, Turkeyand Central Asia region.
As the only integrator to record a slight share price increase in June, FedEx saw its sharesrise from $55.43 on 29 May to $55.62 on 30 June. Similarly to TNT, FedEx shares showed continuousups and downs. Share increased over 4% on the announcement of the opening of the $300 million hubat Piedmont Triad International Airport, North Carolina. Later in the month, however, they wereimpacted by the company’s attack against UPS in multi-million dollar PR campaign over the draft lawthat could ease unionisation at FedEx. Another drawback was the announcement of the heavy lossesthat FedEx generated in the fourth quarter due to financial charges and lower volumes.
