Jan 23, 2019

DHL could profit from no-deal Brexit, says boss

The boss of the world's largest logistics firm says that his company could profit from a no-deal Brexit. Deutsche Post DHL's chief executive Frank Appel said in the long run Brexit would not benefit the UK or the EU. But he said the firm might profit in the short term from the disruption because "Our business is to manage complex situations". Mr Appel also said he believed that trade tensions around the world would dissipate, and that goods and services would continue to move freely across borders. "There is no country that ever succeeded by being alone," Mr Appel warned. The chief executive of Kuwaiti logistics firm Agility echoed these sentiments.

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