DSV anticipates that the growth of online shopping will significantly affect air freight rates and capacity, with a reported 7% increase in air freight volumes in 2024, driven by cross-border trade, especially from China. While the company has limited exposure to major e-commerce platforms, it has seen market trends reshape air cargo operations. Despite rising revenues, DSV’s gross margin fell to 25.7%, and its conversion ratio decreased. To enhance operations, DSV expanded its air charter network and added Fulfilment Factory sites, while also facing sustainability challenges due to rising emissions from air freight.

Source: https://www.stattimes.com/air-cargo/dsv-sees-online-shopping-trends-shaping-air-freight-rates-and-capacity-1354461