Global demand for transport is clearly increasing

DHL, DSV, and Kuehne+Nagel reported significant revenue growth in Q3, with DHL's revenue up 12% to €22.6 billion and Kuehne+Nagel's up 22% to CHF 7.4 billion. DSV's revenue increased by 10.5% to DKK 80.7 billion. The logistics sector is benefiting from EU regulations and seasonal demand, with Kuehne+Nagel's EBITDA rising by 53% to CHF 435 million. However, DSV's marine freight profits fell by 4.2% due to integration challenges with DB Schenker. Air freight demand is strong, particularly for electronic components, with Kuehne+Nagel's air freight revenue up 38% to CHF 2.4 billion. DSV's road freight revenue decreased by 1% in Q3 but increased by 30.5% year-to-date. ID Logistics also saw a 25.5% revenue increase in Q3, driven by expansion in North America.