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DSV Panalpina reported Q2’21 revenue growth of 34.4% year over year as the freight forwarder’s ocean business benefited from elevated rates linked to “port congestion [and] a lack of equipment/capacity”. The firm has upgraded its earnings guidance for 2021 for the th... Read more →
DSV Panalpina (DSV) reported Q1’21 revenue growth of 23.1% year over year, led by a 45.5% growth in Air & Sea revenues. The growth came mainly from higher shipping rates given the firm’s volumes of ocean freight handling rose by just 1%. The improvement in shipping rates ha... Read more →
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... Read more →
DSV Panalpina reported 43.0% year over year revenue growth in Q2, a full 10% points better than analysts’ expectations. The outperformance has been a common theme in the logistics sector with similar delivery from UPS and C.H. Robinson, with an average “beat” across the se... Read more →
Kuehne and Nagel reported Q2 revenues which fell by 8.7% year over year with EBIT down by 18.0%. That was considerably worse than DP-DHL’s 25% EBIT expansion and may reflect a mixture of weaker volumes as well as technical factors such as currency rates. K+N’s revenues from ocea... Read more →
DSV-Panalpina has joined Maersk in flagging that logistics industry conditions in Q2 have “developed better than expected” while still expecting a drop in global sea freight of 15% to 20% year over year in Q2 due to COVID-19. Panjiva’s U.S. seaborne import data shows a dec... Read more →
DSV-Panalpina has reported operating profit growth of 7.6% year over year in Q1. That’s come despite a drag from the impact of COVID-19 on profits equivalent to $51 million or 17.2% points of last year’s profits. The firm has stated it expects “volumes will be significantl... Read more →
DSV-Panalpina has launched a major new cost cutting program in response to COVID-19 disruptions to volumes, it won’t be chasing market share. Our latest webinar covered autos and included questions about medical supplies – ventilator shipments are rising. Also: Church & Dwi... Read more →
The spread of COVID-19 coronavirus is primarily a human tragedy, but has also already caused significant disruptions to corporate activity. This report brings together over 20 reports in seven topic areas to provide an overview of Panjiva’s thinking on the topic so far. We initially i... Read more →
Freight forwarder DSV Panalpina reported an organic revenue decline of 1.1% year over year in Q4. A 3.0% drop in air freight handling was to blame, which isn’t a surprise given global air freight fell by 2.5% year over year on average in Q4 according to IATA data. The outlook from DSV... Read more →
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