Panalpina

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.

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.

Acquisition of Panalpina creates one of the world’s largest transport and logistics companies.

Panalpina’s worse than expected results appear to be largely due to the company being picked off by its competitors as its customers wait to see how the merger with DSV shakes out.

Panalpina announced a war risk surcharge in response to increased insurance expense for shipments moving through the Strait of Hormuz.