• The Express division of Deutsche Post DHL Group invests to meet continuousgrowth in cross border time-sensitive shipments
• Fleet modernization with highlyefficient aircraft contribute to Strategy 2025 and Sustainability goals
• Boeing and DHL Express alsoagreed on the option to purchase four additional freighters 

SINGAPORE- Media OutReach - 13 January 2021 - DHL Express, theworld's leading express service provider and Boeing announced today that theglobal logistics company placed an order for eight additional new Boeing 777 freighters.The investment marks a further step in DHL Express' expansion of itsintercontinental air network to meet customer demand in fast growinginternational express shipping markets. First deliveries are scheduled for 2022.

DHL Express has placed an order for eight additional new Boeing 777 Freighters to meet growing customer demand for international express deliveries.

"Although the currenthealth crisis has pushed pause on several areas of life, global trade did notstand still," said John Pearson, CEO atDHL Express. "Fueled by globalization,digitalization and the unprecedented demand of our customers during the recent peakseason, our global e-commerce volume grew by more than 40 percent in Q4. With the order of eight new wide body freighter aircraft,we underline our conviction that e-commerce is an enduring megatrend. This iswhy we decided to act early and kick-off 2021 with this investment in ourfuture."

The world's largest and most capable twin-engine freighter,the B777 supports future growth while providing outstandingreliability. Furthermore, the aircraft will contribute to DPDHL Group's sustainabilitygoals due to its fuel efficient technology reducing CO2 emissions by 18 percentcompared to the legacy B747-400s.

"Ahighly efficient and reliable aviation network is key to our servicecapabilities enabling future growth," says Travis Cobb EVP Global NetworkOperations and Aviation at DHL Express. "We are committed to providing thehighest quality and efficient services to our customers at the fastest possibletransit times.  At the same time, we arealso committed to reduce our carbon emissions by modernizing our fleet with themost efficient aircraft type that is available in the industry. The Boeing 777fits well into our intercontinental network and perfectly complements our sustainabilitygoal to achieve net zero emissions by 2050."

The777 Freighter is the world's largest, longest range and most capabletwin-engine freighter with a range of 9,200 km (4,970 nautical miles) and cancarry a maximum payload of 102,010 kg (224,900 lbs). It allows DHL Express tomake fewer stops and reduce associated landing fees on long-haul routes,resulting in the lowest trip cost of any large freighter.

"We remain optimistic about our growth prospects underscored by thee-commerce boom and as globalization continues to assert its strength andrelevance," said Ken Lee, CEO of DHL Express Asia Pacific. "In addition tobolstering the approximately EUR 60 million that we have committed to boost our air network inAsia Pacific from 2020-2022, these continued aviation investment will equallyhelp to ensure that we have the safest and fastest deliveries in the industryas we assist with the delivery of Covid-19 vaccines to countries all over Asia."

Preceding the new order announced today, DHL Express had already takendelivery of the first ten new B777F aircraft as part of an original order of 14aircraft made in 2018. These timely deliveries ensured that DHL couldaccommodate the unprecedented demand during the peak shipping season.

Boeing's2020 World Air Cargo Forecast anticipates significant increase in demand fornew and converted freighters with a fleet growth of more than 60% over the next20 years. This is reflected in the growing demand for cross border timedefinite shipments that DHL Express is experiencing. For this reasons bothcompanies have also agreed on options and purchase rights for four additionalplanes.

Withthis step DHL Express underlines its long-term commitment as an enabler oftrade around the globe. The company operates over 260 dedicated aircraft with17 partner airlines making over 600 daily flights across 220 countries andterritories.

DHL – The logistics company for the world

DHL is the leading global brand in thelogistics industry. Our DHL divisions offer an unrivalled portfolio oflogistics services ranging from national and international parcel delivery,e-commerce shipping and fulfillment solutions, international express, road, airand ocean transport to industrial supply chain management. With about 380,000employees in more than 220 countries and territories worldwide, DHL connectspeople and businesses securely and reliably, enabling global sustainable tradeflows. With specialized solutions for growth markets and industries includingtechnology, life sciences and healthcare, engineering, manufacturing &energy, auto-mobility and retail, DHL is decisively positioned as "Thelogistics company for the world".

DHL ispart of Deutsche Post DHL Group. The Group generated revenues of more than 63billion euros in 2019. With sustainable business practices and a commitment tosociety and the environment, the Group makes a positive contribution to theworld. Deutsche Post DHL Group aims to achieve zero-emissions logistics by2050.