DSV-Panalpina has reported operating profit growth of 7.6% year over year in Q1. That’s come despite a drag from the impact of COVID-19 on profits equivalent to $51 million or 17.2% points of last year’s profits. The firm has stated it expects “volumes will be significantly impacted in Q2-20” by coronavirus linked disruptions and is therefore cutting 3,000 staff as part of a new cost cutting plan. The integration of DSV and Panalpina has yet to be completed, shown by a divergence in leading container-line services based on the two firm’s legacy carrier codes. The firm won’t be chasing ma...