DSV continues solid air cargo growth into 2018

Denmark-based transport and logistics company DSV released its second-quarter financial results for 2018, which show it has sustained continued strong growth following a record-breaking 2017 year. The company experienced varied growth in each of its segments during Q2. Looking specifically at airfreight within the Air & Sea division, gross profit grew 16 percent (including exchange […]
  • Nina Chamlou
  • August 1, 2018

DSV opens new office in Panama’s ‘free-trade zone’

Citing a new surge of growth in air cargo demand across the Latin American and Caribbean regions, Danish supply chain company DSV Sea & Air open the doors today at new office location in Panama City, Panama, a key transit hub well known for its free-trade zones. Located near the strategically Panama Canal, the new […]
  • Randy Woods
  • May 16, 2018

DSV wraps up record 2017, confirms M&A plans

Last year’s capacity crunch in airfreight pushed fourth-quarter operating profits for Denmark-based transport and logistics company DSV up by 28.7 percent, year-over-year, to US$196 million, rounding out the full-year’s group operating profits, before special items, to $801 million, up 42.5 percent, y-o-y. While business certainly picked up last year – growth in airfreight increasing 10.6 […]
  • Lewis King
  • February 8, 2018

Westward Ho: How a new Chinese cargo carrier can revive an ancient Silk Road outpost

For centuries, the fabled Silk Road that wended its way between China and Europe brought together fragmented caravans of traveling merchants, facilitating the exchange of goods from geographically disparate regions of the world – much like a modern express carrier does today. Brilliantly colored Parthian tapestries and other luxury goods were transported across the relentless […]
  • Charles Kauffman
  • February 5, 2018

DSV’s Andersen says growth from UTi acquisition has outperformed expectations

It can take some time for all the pieces to click into place when you’re trying to build something worthwhile, but more than two years after Danish freight-forwarder DSV agreed to acquire U.S.-based UTi Worldwide, DSV is already realizing the benefits of the acquisition. During the forwarder’s third quarter earnings call, CEO Jens Bjørn Andersen […]
  • Caryn Livingston
  • December 5, 2017

DSV’s Q3 earnings, volume growth up with UTi integration

Danish freight-forwarder DSV is continuing to reap the benefits of last year’s acquisition of U.S.-based 3PL UTi Worldwide, as the integration of its operations with DSV’s pushed up the company’s earnings before income and taxes (EBIT) for the third quarter by 34.4 percent, year-over-year. Airfreight tonnage also rose 11.7 percent over the same time period. […]
  • Caryn Livingston
  • October 26, 2017

Today is last chance to vote for Air Cargo World’s Executive of the Year Award

Have you made your voice heard? Today, Oct. 25, will be your last chance to choose which of our finalists should be named  Air Cargo World‘s Air Cargo Executive of the Year. The winner of the annual honor, celebrating the highest achievement in the air cargo industry, will be profiled on the cover of the […]
  • Randy Woods
  • October 25, 2017

DSV begins operating Primark’s new Netherlands logistics center

Transport and logistics company DSV has started operating Primark’s new Netherlands logistics center. The 65,000-square-meter warehouse, located in Roosendaal, runs on Primark’s Warehouse Management System, and processes carton and garment on hanger (GOH) outbound orders to supply Primark stores throughout France and Italy. “This go-live is an important step,” said Peter van der Maas, managing […]
  • Lewis King
  • January 23, 2017

Power 25: Three to watch for next year

APEX logistics Founded in 2003, privately-held, China-based APEX Logistics fell just short of making the Power 25 list this year – its 188,000 annual tonnes of airfreight places it at No. 26 on the list – but the young company plans to make a larger dent in the market in 2016. Michael Piza, senior vice president, […]
  • Randy Woods
  • May 26, 2016

DSV’s UTi acquisition boosts airfreight, but drags on profit

Although DSV’s acquisition of UTi has yet to pay significant dividends, as net profit dropped 45.4 percent year-over-year, to US$49 million for the first quarter of 2016, the company’s airfreight operations reported significant growth. Airfreight volumes for DSV soared 71 percent to 122,817 tonnes during the same period. Much of the airfreight volume growth (66 […]
  • Charles Kauffman
  • May 12, 2016

Turkish Cargo sets sights on North America

Cargo, American-style Turkish first dipped its toe into North American waters in the 1990s, first by operating charter flights to the continent. “This enabled us to observe the market before the start of our scheduled flights,” Anlatan said. “Therefore, we did not face any problems when we got into the North American markets,” he added. […]
  • Randy Woods
  • February 29, 2016

DSV’s 2015 ended on a high note

According to CEO Jens Bjørn Andersen 2015 was a good year for DSV, one of the first major logistics companies to report financial data for the full year. Andersen said DSV gained market share across all business segments, delivering strong growth in earnings and cash flow. Net revenue of US$7.7 billion was up 4.7 percent […]
  • Staff Reports
  • February 15, 2016

DSV and UTi – a done deal

On its second attempt to buy U.S.-based UTi Worldwide, Danish transport company DSV has been successful. The last hurdle was South African antitrust approval, which was obtained this week. Jens Bjørn Andersen, CEO of DSV welcomed UTi employees into the fold. The commercial activities of the company will move forward under the DSV brand. The […]
  • Staff Reports
  • January 22, 2016

DHL agrees to $53 million settlement in class action

A scheme to inflate and maintain freight forwarding surcharges that began shortly after the 9/11 terrorist attacks, and continued until January 2011, has led DHL Global Forwarding (DHLGF, the forwarding arm of Deutsche Post-DHL) to agree to pay a US$53 million settlement in a class action lawsuit that was filed in 2008. If approved, the […]
  • Staff Reports
  • January 5, 2016
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