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TRUCKING INDUSTRY NEWS * Europe - DSV Shares Drop After Unexpected Loss, Reduction in Forecasts
Copenhagen,Denmark -Bloomberg, by Christian Wienberg -July 31, 2009: -- DSV A/S fell the most in four months in Copenhagen trading after the Nordic region’s biggest trucking company reported an unexpected second-quarter loss and scaled back forecasts for the full year... DSV fell as much as 9.5 percent, the biggest intraday decline since March 24, after the Broendby, Denmark-based company posted a net loss of 8 million kroner ($1.5 million) compared with year-earlier net income of 329 million kroner... DSV scaled back its sales forecast for 2009 by 14 percent and the outlook for net income by 20 percent, saying it was “especially affected” by a weak market from late May to the end of June... Global trade will plunge 16 percent this year as consumers in western Europe and the U.S. curb spending amid the recession, the Paris-based Organization for Economic Cooperation and Development said on June 24. Labels: trucking industry news Europe
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