The freight forwarding sector is becoming more positive about the outlook for the rest of this year. Deutsche Post raised guidance for the operating profit of DHL by 17% for calendar 2020 and DSV Panalpina increased its guidance by 9.5% for the same period. Deutsche Post cited a “very strong peak season” while DSV-Panalpina expects a “gradual improvement of freight markets”. Both have seen a surge in U.S. seaborne shipping in the last month of Q3 with imports handled by DP-DHL and DSV-Panalpina up by 20.2% and 15.3% year over year respectively in September. That outpaced the industry ave...
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