DSV Not Worried About Trade War as Sales Soar, But That Might Change — Panjiva


DSV Not Worried About Trade War as Sales Soar, But That Might Change

Corp - Forwarders 157 Earnings 365 Global 722 Mode - Seaborne 1273

DSV has reported an 8.0% growth in third quarter revenues, which was 4.5% points higher than analysts had expected. That may reflect faster-than-market rate growth in both the ocean freight and airfreight businesses. Exports from North America and Europe drove the ocean freight business with U.S. seaborne inbound volumes having been unchanged in the quarter vs. a year earlier. The company has not yet “had a material impact” from the U.S.-China trade war. Yet, that may change given there was a rise of 5.2% in China inbound volumes handled by the company in September ahead of new duties, a...

PANJIVA RESEARCH is a service provided by Panjiva, Inc. ("Panjiva") to relevant global subscribers, and are deemed to be Panjiva "Services" subject to the Panjiva Terms & Conditions of Use. Information contained within or made available via the Services is for informational purposes only and nothing in the Services shall constitute or be construed as an offering of financial instruments, or as investment advice or recommendations by Panjiva, Inc. or its affiliates of an investment strategy or whether to "buy", "sell" or "hold" an investment. The Services may include views and commentary about customers of Panjiva. No aspect of the Services is based on consideration of your individual circumstances, and you should determine on your own whether you agree with the information contained within or made available via the Services. Employees involved in Panjiva Research may hold positions in securities analyzed or discussed in the Services. Panjiva does not make any express or implied warranties, representations, endorsements or conditions with respect to the Services and the information contained within or made available via the Services, including without limitation, warranties as to the usefulness, completeness, accuracy, currentness, reliability or sufficiency of any information (including, without limitation, conclusions, statements, opinions, estimates, forecasts or projections of any kind) and expressly disclaims any implied warranties. Neither this disclaimer nor any of its contents may be forwarded or redistributed without the prior written consent of Panjiva. © 2019 Panjiva, Inc. All Rights Reserved.