ShippingWatch

DSV Panalpina expects growth in second quarter – but sees ocean freight drop by up to 20 percent

DSV Panalpina expects that market demand in the second quarter 2020 will drop by 15-20 percent for ocean freight and 25-30 percent for air freight.

Photo: Stine Bidstrup/ERH

DSV Panalpina has published a market update for the second quarter, in which the transport major offers expectations for its operating income in the second quarter, while the full-year guidance remains suspended.

Based on market developments, progress with the integration of Panalpina and other cost initiatives, DSV Panalpina expects an operating profit, EBIT, before special items of more than DKK 2.3 billion (USD 347.5 million) in the second quarter, compared to DKK 1.56 billion in the first quarter.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

IKEA sustainability manager: Green solutions should not cost more

As a starting point, furniture giant Ikea won't accept that green solutions become more expensive than polluting solutions, says Elisabeth Munck af Rosenschöld, Global Sustainability Manager for Supply Chain Operations, to ShippingWatch. Ikea is part of an alliance of global companies that calls for green shipping by 2040.

Long Beach logjam of container vessels grows to 80

Bottlenecks at major US container ports in continue to grow, with the ports of Long Beach and Los Angeles being the worst hit at the moment. Here, 80 vessels are waiting to berth, according to new figures form Vessels Value.

Further reading

Related articles

Trial banner

Latest news

See all jobs