DSV Dominates Forwarder Growth With European Wind and Luxury Goods Push

Cons. Discr. - Autos 1040 Cons. Discr. - Retailing 376 Corp - Forwarders 301 Energy - Renewables 151 Mode - Seaborne 1693 U.S. 4947

Freight forwarders operating services into the U.S. by sea saw a 6.7% growth in shipments in March as lower imports from China were replaced by volumes shipped from other Asian markets. The weakest performers among the top 10 forwarders included UPS – which saw a 14.5% drop in shipments – Kerry and CH Robinson as a result of their higher-than-average exposure to China. DSV did best with a 26.4% surge in traffic in March, which came at the same time as it sought to complete its takeover of Panalpina. Shipments from Europe by DSV jumped 82.6% year over year in March, illustrating the impor...

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