DSV catches up with Kuehne – the two American stars lag
DSV, boosted by healthy growth in its air and sea divisions, saw a surprise rise in Q2 operating profit. Counting more shipments and revenues in all its business areas, the operator saw air freight grow by 2-3%, while it also took a 10% growth in market share. The forwarder revised its full-year outlook upwards to between Dkr2.85bn ($419m) and Dkr3bn. Compare and contrast with Kuehne + Nagel, which saw its Q2 operating revenue fall 5.6%.
CMA CGM liner trades pummelled in Q1 – and there's worse to come
Container freight rates: 'collapse' is the word, says Xeneta
Mexican rail seizures give near-shoring interests pause for thought
Major box lines still fighting over diminishing supply of smaller ships
Evergreen and Wan Hai face up to bearish market as profits tumble
Cargo shifts back to US west coast ports, but some has gone for good
UPS names John Bolla new president of global healthcare
FedEx pilots win ‘tentative agreement’ on new contract after strike threat
'Keep 'em peeled' alert as drug smuggling into Europe's ports increases
Digital forwarders back in the spotlight: can they compete?
'Alarming signals' as airfreight capacity rises and rates fall
Congress mulls raft of supply chain bills – but one is missing, say BCOs
Comment on this article