Danish forwarder DSV, which closed the acquisition of Panalpina on Aug. 19, 2019, reported airfreight tonnage up 63% year-over-year in Q3. Excluding the Panalpina acquisition, organic airfreight growth was down 6%. Even when accounting for the windfall in volumes from the Panalpina acquisition, the company’s Air & Sea forwarding division performed relatively well. Revenue reported […]
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