DSV Diversifies Shipping Volumes to Lead Forwarders in February — Panjiva


DSV Diversifies Shipping Volumes to Lead Forwarders in February

Corp - Forwarders 157 Mode - Seaborne 1273 U.S. 3297

The freight forwarding industry saw a 4.4% year over year decline in volumes on U.S.-inbound seaborne routes in February. The reversal in fortunes affected 19 of the top 20 shippers with UPS suffering the most significant decline with a 16.3%  drop followed by DB-Schenker’s 15.5% slide. The outlier was DSV with volumes that climbed 6.4% year over year. DSV’s strategy appears to include diversifying volumes away from its largest lanes of China-to-U.S. and Germany-to-U.S. Imports from Europe excluding Germany climbed 17.3%, offsetting the 6.5% drop in shipments from China. The latter resul...

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