Widespread blanked sailings stave off major collapse of transpacific rates
Spot rates across all the major east-west deepsea trades continued their downward descent this week, ...
© Björn Wylezich
By Alex Lennane
DSV is planning to be “extra aggressive” to retain volumes, even if it risks yields, group CEO Jens Bjørn Andersen told investors today.
But M&A activity will be on hold until sellers offer realistic prices, he added.
The Danish company announced another strong set of results, with nine-month revenues up 52% year-on-year to Dkr184.4bn ($24.45bn), and ebit up 84% to Dkr20bn. For the third quarter, revenue rose 22% and ebit was up 45% to Dkr6.5bn.
Air freight volumes fell 3% in the quarter ...
Comment on this article