ports

DSV Stock Tumbles 14% on Q2 Results as Schenker Integration Weighs

DSV shares fell sharply on 22 July following the release of second-quarter earnings, with market concerns emerging over challenges in the road division stemming from the Schenker integration. Analysts have begun questioning valuations for asset-light freight forwarders, with DSV trading at 25 times projected earnings. Air and Sea divisions posted steady volumes with growing transport demand, while margins and ratios improved on the back of rising rates. DSV and Kuehne + Nagel, the world's two largest freight forwarders, are pursuing increasingly different paths to growth.