DSV to begin expansion of logistics facilities at Danish headquarters

Danish logistics giant DSV is set to break ground on a logistics facility expansion at its headquarters in the Roskilde-Hedehusene-Taastrup area, about 25 miles west of Copenhagen, which it said is “just the beginning” of a wider expansion plan, set to be completed over the next five years. The project will include the construction of […]
  • Nina Chamlou
  • January 2, 2019

DSV Canada breaks ground on its largest facility ever

DSV Canada, subsidiary of Danish logistics company DSV, has broken ground on a 1.1-million-square-foot facility in Milton, Ontario, which will serve as a multi-client warehousing facility supporting its air, sea and road divisions, and will be home to its head office in Canada. The company’s managing director, Martin Roos, said, “the new facility in Milton […]
  • Nina Chamlou
  • November 28, 2018

DSV rescinds second offer to acquire CEVA before CEVA can respond

Today, Danish logistics company DSV has rescinded its second offer to acquire CEVA Logistics before it ever received a response from CEVA. “Based on the unwillingness of the board of directors of CEVA to engage directly with DSV at the price per share offered,” DSV said in a statement that the offer had been withdrawn. […]
  • Nina Chamlou
  • October 23, 2018

CEVA board rejects takeover bid from DSV as ‘inadequate’

Yesterday, after Danish logistics firm DSV made an unsolicited, non-binding acquisition bid to CEVA Logistics AG, the CEVA board of directors unanimously rejected the offer of roughly US$28 per share in cash, saying that the bid – totaling about $1.5 billion – was “not in the best interest of the company and its shareholders.” The […]
  • Randy Woods
  • October 12, 2018

DSV acquires fulfillment company S&H, CEO Elshout steps down

Today, Danish freight-forwarder DSV acquired Netherlands-based fulfillment company, S&H, purchasing 100 percent of the company’s shares. In the same statement, DSV said that CEO Hans Elshout has stepped down from his position. In the deal, S&H will remain a distinct unit under DSV’s umbrella, but will take the name DSV Multi-channel Fulfilment. CEO of DSV’s […]
  • Nina Chamlou
  • September 4, 2018

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
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