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eutsche Post AG, parent of DHL Americas, said Tuesday its first-quarter profit rose 5% to 482 million euros or 40 cents a share, from 459 million euros or 41 cents a year earlier.

The Bonn, Germany-based company’s sales rose 41% to 14.8 billion euros.

A euro is equal to about $1.28 at current conversion rates.

It said last year’s acquisition of Exel Plc — ranked No. 1 on the Transport Topics Logistics 50 listing of North American logistics firms — will boost its earnings this year. (Click here for previous coverage.)

The express-delivery unit had a loss of 37 million euros, compared with a loss of 77 million euros a year ago, but the U.S. business has improved “on a small basis,” Chief Financial Officer Edgar Ernst told Bloomberg.

DHL Americas is ranked No. 4 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.