Talk of a collapse in Chinese exports due to the country’s recent stock market troubles is a ‘bit overblown,’ said Stephen Fenwick, CEO Americas for DHL Express. ‘The Chinese economy is still growing at 5% to 6% and a lot of the West would kill for that,’ said Fenwick. ‘I know that our growth is coming out of Asia and it’s not only China, but the greater Asian countries like Vietnam. They are still growing in terms of manufacturing, so we are still seeing that growth inbound because consumers in the U.S. still want to buy from Asia and that’s a positive for us.’ Fenwick added that the Chinese consumer also remains fairly robust, as DHL Express has been seeing fuller flights heading from the U.S. to Asia. ‘We’ve seen a pickup in exports from the U.S. over the last 12 months,’ said Fenwick. ‘And while that may be slowing a little bit now, it’s very encouraging to see that we are in international and the American economy is starting to export more than it did before.’ As for its domestic plans, DHL Express recently invested $108 million in its Americas hub at CVG Airport in Cincinnati to improve its U.S. operations. This move comes nearly seven years after the German delivery giant essentially pulled out of the domestic shipping arena, leaving UPS (UPS), Fedex (FDX) and the U.S. Postal Service to battle for share. Still, despite the company’s upgrades in America, Fenwick said DHL Express intends to keep its focus on international deliveries.
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