Story perspectives

Air Cargo Costs Surge, European Logistics Post Q1 Gains

4/24/2026

Summary

Story summary

Air cargo costs have surged because ships avoid the Strait of Hormuz amid the Middle East conflict.
European logistics firms DHL, DSV and Kuehne+Nagel are expected to post higher first-quarter profits despite freight disruptions.
Bernstein forecasts air-freight volumes will rise at a high single-digit rate and sea freight at a low single-digit pace.
Bernstein expects DSV’s May 12 capital markets day could reveal medium-term targets and upside surprises.

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Story summary

Air cargo costs have surged because ships avoid the Strait of Hormuz amid the Middle East conflict.
European logistics firms DHL, DSV and Kuehne+Nagel are expected to post higher first-quarter profits despite freight disruptions.
Bernstein forecasts air-freight volumes will rise at a high single-digit rate and sea freight at a low single-digit pace.
Bernstein expects DSV’s May 12 capital markets day could reveal medium-term targets and upside surprises.