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Contract logistics was the star performer in the second quarter for DSV, reveals the Danish 3PL’s latest round of interim results.
Group-wide, despite a 9% year-on-year increase in revenues, to DKr41.2bn ($6bn), DSV saw EBIT decline 12.4%, to finish the quarter at DKr4.1bn.
The decrease was mainly driven by declines in its ocean and air freight forwarding business, which saw an 18.2% decrease in EBIT, compared with Q2 23, to DKr2.9bn, despite a 7% year-on-year increase in revenue, to DKr24.6bn.
The division’s direct ...
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