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Economy hurts Deutsche Post DHL freight business

By David McHugh
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FRANKFURT, Germany (AP) — Mail, express delivery and freight company Deutsche Post DHL saw its profits dip in the first quarter as the weak global economy saw companies ship fewer goods by air and after a large one-time gain in the year-ago quarter.

Deutsche Post DHL made a net profit of 498 million euros ($647 million) in the first three months of the year, 5.9 percent lower than the year-ago equivalent of 529 million euros.

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