RTR: Denmark's DSV wins 14 bln-euro race for Deutsche Bahn's Schenker, sources say
REUTERS reports: Danish logistics company DSV (DSV.CO) won the race to buy Schenker, the rail logistics ...
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By Alex Lennane
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%.
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