newstodate.aero
Feb 09, 2018 (newstodate): Danish-owned global freight forwarder DSV - among the world's top-5 - reports a unique performance in 2017, measured in air cargo volumes.
The company thus generated 635,655 tonnes of cargo - an increase by 10.6 percent, y-o-y, and reaching the highest level since 2009.
-The high growth in the airfreight market led to tight capacity and rate increases. Towards the end of 2017, this put temporary pressure on DSVs profit per air freight shipment, as the rate increases could not immediately and consistently be passed on to customers, the company says in a release.
-Exports from Asia Pacific (+13%) and Europe (+14%) registered the highest market growth rates, while exports from North America grew 7%.
-Due to the high market growth, capacity shortage was a recurring issue during 2017, especially towards the end of the year. This, in turn, caused rates to rise significantly, especially during the peak season, the release reads.
In 2017, DSV held about 9-10 percent of the global airfreight forwarding market.
The company thus generated 635,655 tonnes of cargo - an increase by 10.6 percent, y-o-y, and reaching the highest level since 2009.
-The high growth in the airfreight market led to tight capacity and rate increases. Towards the end of 2017, this put temporary pressure on DSVs profit per air freight shipment, as the rate increases could not immediately and consistently be passed on to customers, the company says in a release.
-Exports from Asia Pacific (+13%) and Europe (+14%) registered the highest market growth rates, while exports from North America grew 7%.
-Due to the high market growth, capacity shortage was a recurring issue during 2017, especially towards the end of the year. This, in turn, caused rates to rise significantly, especially during the peak season, the release reads.
In 2017, DSV held about 9-10 percent of the global airfreight forwarding market.