News / Big gains in air and sea freight volumes for DSV in Q3 ahead of UTi takeover

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Denmark’s DSV today reported a 10% increase in organic operating profit for the third quarter, spurred by above-market growth in both air and sea freight forwarding volumes.

The company, which recently launched a $1.35bn takeover bid for US 3PL UTi Worldwide, saw EBIT before special items reach DKr851m (US$126m), while revenues grew by just under 1% to reach DKr12.5bn.

The standout numbers came from its Air & Sea division, its freight forwarding arm, which both outperformed the market, and the division saw ...