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, ...
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Etihad Cargo continues to haemorrhage money, with a 6% decline in full-year revenue and plummeting volumes.
Income for 2018 fell to $827m, a drop of $50m compared with 2017’s results, but group chief executive Tony Douglas remained bullish, saying the group results represented a “strong performance”.
He said: “We forged ahead with our transformation by streamlining our cost base, improving cash-flow and strengthening our balance sheet.
“Our transformation is instilling a renewed sense of confidence in our customers, our partners and our people.”
Total volumes fell ...
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