Forwarders face profitability test as freight markets look set to stabilise
As global freight markets begin to show signs of stabilisation after months of disruption, the industry’s largest forwarders have shown ...
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% ...
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