DHL Express Americas CEO talks holiday freight growth, 'Still some uncertainty'
This segment originally aired on November 15, 2023. The first leg of the holiday shopping season is set to kick off next week with Black Friday sales with retailers already pushing promotions before the Thanksgiving holiday. Though US consumer spending and retail sales appear resilient, the biggest challenge will be for postal couriers and delivery services to overcome what may be a "freight recession" this year. DHL Express (DHLGY) of the Americas CEO Mike Parra explains the significant growth the courier is seeing in China and the US while expanding into other territories in a China Plus One strategy. "The decoupling is slowly happening, but I don't ever believe that we'll see a replacement for the goods that we are receiving out of Southern China and even out of Hong Kong," Parra tells Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.