DSV reports Q3 volume, net revenue rise in wake of UTi deal

About nine months after Danish freight forwarder DSV closed on the purchase of U.S.-based UTi Worldwide, the rewards are beginning to be noticed in the financial figures, as DSV report significant growth in both volume and net revenue for the third quarter.

According to DSV, overall freight volumes rose by 84.5 percent, compared to the same three-month period in 2015, reaching 147,744 tonnes. In the forwarder’s Air and Sea Division, net revenues rose by almost 54 percent to US$1.24 billion, w...

Please login to your Air Cargo World account to continue reading.
Not a subscriber? Click here to subscribe to Air Cargo World today!