DSV set to root out low-margin business as volumes decline in Q3

Air and sea freight volumes at the world’s largest freight forwarder, DSV, saw a decline in the third quarter, but revenues grew more than 15% year on year, due to elevated ocean freight rates. According to third-quarter results released today, DSV posted group revenue of DKr71.9bn ($10.8bn), up 10.5% year on year, and an EBIT before special items of DKr5.4bn, up 19.5% year on year. Its Air & Sea forwarding…

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