DSV 3Q revenue up following closing of Panalpina deal, even as airfreight slips volumes  

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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