Freight forwarder DSV feels impact of slowdown in auto industry -CFO [Reuters]
DSV A/S UNSP/ADR (DSDVY)
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Source: Reuters
DSV A/S (DSV.CO) Key Developments | Reuters.com July 31 (Reuters) - DSV A/S CFO JENS LUND SAID IN AN INTERVIEW WITH REUTERS::HE SEES SOFTENING IN AIR FREIGHT VOLUMES AS INDICATION THAT CUSTOMERS HAVE BECOME MORE CAREFUL IN LIGHT OF TRADE WAR.THERE HAS BEEN A SLOWDOWN IN FREIGHT VOLUMES FOR AUTOMOTIVE INDUSTRY; HAS LARGE EXPOSURE TO U.S. AUTO PRODUCERS.THERE HAS BEEN GOOD GROWTH IN EXPORT VOLUMES FROM U.S. TO EUROPE AND ASIA.EUROPEAN EXPORT VOLUMES TO CHINA AND OTHER ASIAN COUNTRIES HAVE GROWN, WHILE CHINESE EXPORTS HAVE SLOWED DOWN. Reuters, the news and media division of Thomson Reuters , is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV. Learn more about Thomson Reuters products: All quotes delayed a minimum
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