Sign up for our FREE newsletter
Receive FREE Newsletter
Advanced Search
+

DSV profit misses forecast on weak freight rates

PLD: REBOUND MATTERSAMZN: MULTI-BILLION LONG-TERM MEXICO INVESTMENTDSV: WEAKENING TO TWO-MONTH LOWSKNIN: ANOTHER LOW PG: STABLE YIELDAAPL: GAUGING EXPECTATIONSXOM: GO GREEN NOWKNIN: BOUNCING OFF NEW LOWS HON: BREAK-UP PRESSURECHRW: UPGRADESZIM: LAGGARDFWRD: LEADINGMAERSK: OPPORTUNISTIC UPGRADETSLA: GETTING OUTDSV: DOWN BELOW KEY LEVELLINE: DOWN TO ALL-TIME LOWS

PLD: REBOUND MATTERSAMZN: MULTI-BILLION LONG-TERM MEXICO INVESTMENTDSV: WEAKENING TO TWO-MONTH LOWSKNIN: ANOTHER LOW PG: STABLE YIELDAAPL: GAUGING EXPECTATIONSXOM: GO GREEN NOWKNIN: BOUNCING OFF NEW LOWS HON: BREAK-UP PRESSURECHRW: UPGRADESZIM: LAGGARDFWRD: LEADINGMAERSK: OPPORTUNISTIC UPGRADETSLA: GETTING OUTDSV: DOWN BELOW KEY LEVELLINE: DOWN TO ALL-TIME LOWS

default_image
© Khunaspix Dreamstime.
By

It is reporting season in Europe once more as the third quarter comes to and end, and today saw acquisitive Danish forwarder DSV announce slight declines in its profit compared to last year as a result of continuing weak rates. It has held its full-year profit forecast, but has decided to delay a share buy-back programme as a result of its strategy to reduce debt. Proceeding with the programme would have incurred greater debt levels. All in all, a rather flat picture.

Read more...

Comment on this article

You must be logged in to post a comment.

    Related Stories

    Topics

    The Purse Strings

    Most read news

    US port strike called off as ILA and USMX reach 'tentative' agreement

    Three new services and a transpacific focus for Ocean Alliance in 2025

    Evergreen staff bonuses soar again, as carrier profits triple

    Launch of new tariffs 'a speeding train', be ready, US importers warned

    Ripples from 2025 CNY 'may still be rocking the boats in summer'

    Global revenues soar, but loss of steam for OOCL's Asia-Europe trade

    'Military asset' listing sees Cosco and CCA barred from Pentagon contracts

    DSV-Schenker goes lone wolf – the pack hunts for bolt-ons

    Airfreight sector left 'exposed' after ecommerce traffic 'falls off a cliff'

    Cosco to play a major role in China's container hub ambitions for Yangpu Port

    USEC dispute end comes too late to stop transpacific spot rate climb

    Scant room for sustainable growth in aviation, says watchdog T&E

    Maersk eyes growing India-US trade and adds Mundra call to MECL1

    US LTL and trucking sectors steering toward further consolidation

    Tariffs will spark retaliation that will hit US competitiveness, warn forwarders

    Geopolitical tension tempers airfreight optimism as spot rates fall