Freight forwarders serve shippers much better than shipping lines – and large forwarders are best of all, claimed DSV Panalpina in its earnings call today.
Announcing second-quarter revenues of Dkr37.83bn ($6.04bn), up 31.4%, to make a profit after tax of Dkr2.52bn ($403m), management talked high yields, market conditions – and competition, as it begins to integrate Agility GIL.
It’s a well-known phenomenon that after a big chunk of M&A, companies can lose …
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Source: The Loadstar