|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||44.68 - 46.04|
|52 Week Range||32.03 - 58.24|
|Beta (5Y Monthly)||0.83|
|PE Ratio (TTM)||28.39|
|Forward Dividend & Yield||0.18 (0.41%)|
|Ex-Dividend Date||Mar 16, 2020|
|1y Target Est||N/A|
Freight-forwarder DSV Panalpina said on Friday it would start direct cargo flights between Shanghai and Huntsville, Alabama from next week to cope with capacity constraints caused by the coronavirus outbreak in China. The global freight industry has been hard-hit by uncertain demand and crews' health concerns following the outbreak of the deadly virus in China, leading airlines and freight firms to scale back services, causing delivery delays and mounting backlogs. Starting on Feb. 25, DSV plans to operate flights between Shanghai and Huntsville thrice weekly using the firm's Boeing 747-8 freighter plane, it said in a statement.
European shares clocked their best day in over a week on Friday, as upbeat jobs data from the United States and a surprise bounce in Chinese manufacturing tempered nerves around slowing global growth. U.S. job growth slowed less than expected in October, while a private business survey indicated that China's factory activity unexpectedly expanded at the fastest pace in more than two years last month. The latest data out of China is in contrast to an official survey published on Thursday, which had factory activity shrinking for the sixth straight month in October.
European shares ended flat on Wednesday, as gains for the defensive real estate and utilities sectors were countered by losses in luxury good makers, with caution prevailing ahead of the U.S. Federal Reserve's interest rate decision. After flitting between small gains and losses during the session, the pan-European STOXX 600 closed with a tiny 0.02% gain as investors awaited the U.S. central bank's monetary policy statement due at 1800 GMT. With a rate cut from the U.S. central bank near-certain investors will be focussed on forward guidance, as policymakers are deeply divided on the need for further easing amid improving U.S. economic data.
International freight forwarding and logistics company Panalpina Welttransport (U.S. OTC: PLWTF) reported 0.64 (Swiss Francs, or CHF) per share in earnings for the second quarter of 2019 compared to 0.84 CHF for the same period last year and well below Seeking Alpha's consensus estimate of 0.92 per share. "After it was announced that Panalpina and DSV would join forces, our competitors went more aggressively after our business in the second quarter, but we stood our ground. The decrease in gross profit was chiefly the result of lower margins in air freight and lower volumes from the automotive sector, which shifted into reverse gear.