DSV completes DB Schenker buy as it notes strong Q1 performance by Air & Sea
Danish 3PL DSV formally completed its €14.3bn ($16.3bn) acquisition of German peer DB Schenker today, ...
Zim Integrated Shipping Services recorded a $74m net loss in the second quarter of the year.
This compares with a $23m profit in the same period of 2015, which the Israeli carrier blamed on “unprecedented low freight rates and severe market conditions”.
Second-quarter revenue dropped 19.8% year-on-year to $612m, with average revenue per teu plunging 25% over the first half of this year to $903 per teu.
However, the container line’s aggressive marketing improved its teu load count by 7% on the second quarter of 2015 (which, by coincidence, ...
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