Freight forwarder DSV reported second quarter revenues that were 4% better than a year earlier, and 1% better than expected. That was similar to peers K+N and Panalpina, but was flattered by the consolidation of UTi for one extra month. The stronger performance was likely due to the Road and Solutions divisions, with airfreight volumes having underperformed the industry. Management struck a confident stance, with a 5% increase in profit guidance due to extra cost cutting. CEO Jens Bjorn indicated acquisitions of “over $1 billion” are being considered. That is significant given it represe...