DSV airfreight volumes up 10% in 2017

Global freight forwarder DSV saw its airfreight volumes increase by 10.6% year on year in the fourth quarter of 2017, to 635,655 tonnes, as the industry recorded its strongest performance in nearly 10 years.
The company said: “The high growth in the air freight market led to tight capacity and rate increases. Towards the end of 2017, this put temporary pressure on DSV’s profit per air freight shipment, as the rate increases could not immediately and consistently be passed on to customers.”
Its Air & Sea division reported EBIT before special items of DKr3,225m (the 2016 figure was DKr2,143m).
Net revenue for airfreight stood at DKr17,575m for the year.
Looking ahead, DSV expects that growth in the airfreight market will be in line with, or slightly higher than, underlying economic developments.
However: “The very high growth in air freight volumes in 2017 is not likely to continue,” DSV predicted.

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