The recovery of the air and ocean logistics market since the start of the year helped improve second-quarter results at Kuehne+Nagel and DSV.
DSV is a logistics company, not an airline, but it is strategically adding freighters it controls through long-term leases based on demand in certain lanes.
Two of the top three global logistics powers took a big profit haircut during the second quarter and aren’t very optimistic about a seasonal upturn in shipping.
If you’ve never heard of Phoenix-Mesa Gateway Airport, you’re not alone. But for DSV, a large logistics company, it could prove a diamond in the rough for air cargo purposes.
Two of the world’s largest third-party logistics providers consider the glass half-full despite a substantial drop in profits.
DSV is rapidly building up its logistics infrastructure in Arizona, an emerging market for semiconductors and electric vehicles.
(UPDATED: Oct. 25, 2022 3:05 P.M. ET) Alabama’s Huntsville International Airport in the past year has attracted new air cargo services controlled by major global logistics companies, solidifying its reputation as a leading cargo hub among lesser-known airports that don’t have massive passenger traffic. Kerry Logistics is so pleased with the airport’s efficiency processing shipments […]
DSV has been reported to be interested in acquiring C.H. Robinson’s global forwarding unit for as much as $9 billion.
“Prompt is the leading logistics technology company with all the major global data privacy and security certifications — GDPR, ISO27001 and SOC 2 — meaning that we can, and have, met the requirements of even the most stringent IT departments,” says Prompt CEO Robert Petti.
ULSD rises slightly, semiconductor shortage could get worse and more 3PLs suspend shipments to and from Russia.
Renting a plane to move cargo is expensive but necessary in these days of supply chain turmoil.
Danish third-party logistics services provider’s bottom-line benefits from easing COVID-19 during summer months.
MARAD Administrator Mark Buzby and Alaska Sen. Dan Sullivan receive Maritime Leadership Award.
Combined transportation and logistics powerhouse grows gross profit despite impact from COVID-19.
The challenges facing the Danish logistics giant as it integrates Panalpina were evident in its first quarterly results since the $5 billion acquisition.
Drone Delivery Canada’s sales agreement with Air Canada pays off as it reaches a deal to provide a drone platform at DSV Panalpina’s facility near Toronto.
The chairman of DSV Panalpina says the company will concentrate on bringing Panalpina into the fold for 12-18 months, before its next acquisition, which may be aimed at strengthening its road business.
The recent acquisition of freight forwarder and logistics specialist Panalpina by DSV marks one of the few M&A deals that have occurred in the market over the last several years.
Danish logistics conglomerate DSV is now one of the world’s leading forwarders after completing the acquisition of Panalpina in August.
Jens Bjørn Andersen, chief executive officer, said the company was “very pleased with the strong results for the second quarter of 2019. Global transport markets are soft – especially within air freight, but DSV has managed to outgrow the market while still delivering market leading profitability.”
