Forwarders told to 'brace for impact' as ecommerce shippers bag air cargo capacity
General cargo shippers, fighting for space against ecommerce giants, should “brace for impact” as the ...
© Taina Sohlman
By Alex Lennane
Both CEVA and DSV report financials today. We will cover DSV in more depth next week, but its results are here. Briefly, however, it saw earnings growth of 10% and operating profit rise 11%. Crucially, it said its integration of UTi was going faster than anticipated – and it was eyeing more acquisition targets. Analysts, according to this Reuters article, are speculating that it may buy Damco.
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