Scale or specialisation? DSV and K+N chart different paths to forwarding success
The world’s two largest freight forwarders appear to be pursuing increasingly different paths to growth. Acquisitive DSV has placed ...
© Alexey Novikov
By Alex Lennane
UPS’s first-quarter results have rather been overshadowed by today’s DSV’s news, but the parcel expert enjoyed “record financial results” and winning “the best opportunities”.
The headline numbers are consolidated revenues of $22.9bn, up 27% year on year, with daily volumes up 14%, while consolidated operating profit came in at a healthy $2.8bn, up 158%. You can read the full figures here.
Carol Tomé, UPS CEO, said: “During the quarter, we continued to execute our strategy under the better-not-bigger framework, which enabled us to win the best opportunities in the market and drove record financial results.”
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