News / 'Size doesn't matter', claims DSV as freight volumes collapse

Source: DSV

Even industry poster-boy DSV is not immune to the weakness in the market. This morning it reported revenues down 33% to DKK41bn ($6bn), while Ebit was down 31% to DKK4.6bn ($681m). Profit fell 25% to DKK3.2bn.

The Air & Sea division was most impacted, down 43% in sales as freight rates plummeted. Air saw the greatest slump, with an industry ‘leading’ volume fall of 20%, with exports from Asia Pacific noting the biggest declines.

“The volume decline was most significant at the ...