Monthly Archives for October 2024

Strong imports, low blanks extend peak season on eastbound trans-Pacific Import demand from Asia, which typically tapers ahead of Black Friday sales, is holding steady, fueled by resilient retail sales, tariff concerns and the mid-January expiration of the tentative ILA labor agreement. Strong imports, low blanks extend peak season on eastbound trans-Pacific International Freight

Value of Schenker takeover will manifest in expanding services: DSV CEO Jens Lund this week emphasized the earnings potential of the takeover, pointing to greater scale and a wider portfolio of services that would increase the combined entity’s reach. Value of Schenker takeover will manifest in expanding services: DSV CEO International Freight

DSV, K+N post solid Q3 revenue gains, but profit margins under pressure Rising competition and tough negotiations with customers are believed to be behind the narrowing profit margins that were plainly displayed in the financial results of the two forwarders. DSV, K+N post solid Q3 revenue gains, but profit margins under pressure International Freight

Government, board approvals clear way for DSV-DB Schenker merger Deutsche Bahn’s supervisory board approved DSV’s $16 billion acquisition of rival forwarder DB Schenker despite opposition from union members on the board. Government, board approvals clear way for DSV-DB Schenker merger International Freight