The 2019 Air Cargo Executive of the Year is DSV Panalpina’s Jens Bjorn Andersen

Early in 2019, speculation ran rampant over the future of Panalpina. The Swiss forwarder had faced several difficult quarters, with declines in profit exacerbated by overall market weakness and demand declines in some of the forwarder’s higher-yield verticals. Enter DSV. Unsolicited, Panalpina’s Danish logistics rival submitted a takeover offer to Panalpina’s board, valuing Panalpina at […]

DSV sees Q1 profits rise, expects Panalpina deal to close in Q3

Danish forwarding giant DSV, which announced earlier this month that it was purchasing Swiss rival Panalpina, released its first-quarter results today, reporting a 5% growth in airfreight volumes, compared to the previous Q1, reaching 170,000 tonnes, due mostly to a rise in exports to the Americas during the quarter. Gross profit in the air segment […]

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 […]

Remember to vote for Air Cargo World’s Executive of the Year for 2017

Have you voted yet? Time is running out to make your choice for Air Cargo World‘s annual Air Cargo Executive of the Year award, celebrating the highest achievement in the air cargo industry. The deadline for voting is this Wednesday, Oct. 25, 2017. The 2017 Air Cargo Executive of the Year will be named and […]

Time to vote for ACW’s Air Cargo Executive of the Year nominees

As the end of the year approaches, we at Air Cargo World are reaching out to readers to vote for our annual Air Cargo Executive of the Year award, celebrating the highest achievement in the air cargo industry. The 2017 Air Cargo Executive of the Year will be named and profiled on the cover of […]

Executives to Watch: Andersen eager to reap rewards of DSV/UTi merger

Jens Bjørn Andersen When large companies go through a merger, months can seem like years, even when there are no major bumps in the road. When Air Cargo World recently spoke with Jens Bjørn Andersen, CEO of Denmark-based forwarder DSV, the weariness and relief were evident in his voice as he described the long but […]