DHL Taiwan reported a 17 percent increase in operating income last year, marking a record-high annual growth since the international shipping and logistics services company set up operations in the country 35 years ago.
Discussing the company's performance last year, DHL Taiwan general manager Stuart Whiting said on Tuesday that the total import volume handled by the company last year increased more than 10 percent year-on-year, while the export volume handled grew 5 percent, contributing to the 17 percent rise in earnings.
DHL Taiwan is expanding its operations center at the Farglory Free Trade Zone (遠雄自由貿易港區) near Taiwan Taoyuan International Airport, which Whiting said is scheduled to be completed by October.
The expanded center, which will be able to handle 3.5 times more cargo volume, is expected to begin operations at the start of next year.
DHL set up operations in Taiwan in 1973, the first international courier company to do so. Between 2000 and the end of last year, the company invested a total of NT$1 billion (US$30.8 million) to expand its operations in Taiwan. It has 10 operating bases in the country.
Whiting said that for this year, DHL Taiwan would adjust its marketing strategy, spending less on advertising and pouring more resources into improving customer services.
Semiconductor business between Taiwan and the US is a “win-win” model for both sides given the high level of complementarity, the government said yesterday responding to tariff threats from US President Donald Trump. Home to the world’s largest contract chipmaker, Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), Taiwan is a key link in the global technology supply chain for companies such as Apple Inc and Nvidia Corp. Trump said on Monday he plans to impose tariffs on imported chips, pharmaceuticals and steel in an effort to get the producers to make them in the US. “Taiwan and the US semiconductor and other technology industries
The US Federal Reserve is expected to announce a pause in rate cuts on Wednesday, as policymakers look to continue tackling inflation under close and vocal scrutiny from US President Donald Trump. The Fed cut its key lending rate by a full percentage point in the final four months of last year and indicated it would move more cautiously going forward amid an uptick in inflation away from its long-term target of 2 percent. “I think they will do nothing, and I think they should do nothing,” Federal Reserve Bank of St Louis former president Jim Bullard said. “I think the
SMALL AND EFFICIENT: The Chinese AI app’s initial success has spurred worries in the US that its tech giants’ massive AI spending needs re-evaluation, a market strategist said Chinese artificial intelligence (AI) start-up DeepSeek’s (深度求索) eponymous AI assistant rocketed to the top of Apple Inc’s iPhone download charts, stirring doubts in Silicon Valley about the strength of the US’ technological dominance. The app’s underlying AI model is widely seen as competitive with OpenAI and Meta Platforms Inc’s latest. Its claim that it cost much less to train and develop triggered share moves across Asia’s supply chain. Chinese tech firms linked to DeepSeek, such as Iflytek Co (科大訊飛), surged yesterday, while chipmaking tool makers like Advantest Corp slumped on the potential threat to demand for Nvidia Corp’s AI accelerators. US stock
Cryptocurrencies gave a lukewarm reception to US President Donald Trump’s first policy moves on digital assets, notching small gains after he commissioned a report on regulation and a crypto reserve. Bitcoin has been broadly steady since Trump took office on Monday and was trading at about US$105,000 yesterday as some of the euphoria around a hoped-for revolution in cryptocurrency regulation ebbed. Smaller cryptocurrency ether has likewise had a fairly steady week, although was up 5 percent in the Asia day to US$3,420. Bitcoin had been one of the most spectacular “Trump trades” in financial markets, gaining 50 percent to break above US$100,000 and