All DSV Sea and Air articles
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NewsDSV reports record results on higher rates and GIL takeover
DSV reported record revenues and profits last year thanks to higher freight rates and acquistions.The Danish forwarder reported a 57.2% year-on-year increase in revenues for the year of DKr182.3bn, while earnings before interest and tax (ebit) were up 70.4% to DKr16.2bn and net profit climbed 164.3% to DKr11.2bn.Results were boosted ...
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DSV responds to Asia Covid restrictions with extra freighters
DSV has responded to Covid restrictions and lockdowns in Asia by adding extra freighter capacity from Hong Kong and Singapore.The freight forwarder is adding two extra weekly flights - offering 100 tonnes of capacity each - to its Hong Kong-Liege-Hong Kong loop, bringing its weekly flights on the route to ...
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NewsDSV Panalpina extends cargo charter network as it prepares for “peak of peaks”
DSV Panalpina has this week launched a new air cargo charter network covering four continents as it prepares for the “peak of peak seasons”.The new network offers flights between Hong Kong, Zhengzhou, Istanbul, Liege, Chicago Rockford and São Paulo’s Viracopos.The service, dubbed Globetrotter, will be run utilising a dedicated nose ...
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DSV Panalpina airfreight volumes slide in first quarter
DSV Panalpina saw its airfreight volumes decline in the first quarter of the year despite growth in the overall market.The forwarder's air volumes for the period declined by 6.6% year on year to 336,307 tonnes, while the overall market is estimated to have grown by 5-7% as it bounced back ...
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NewsDSV ups airfreight capacity across network with new charter services
DSV has launched three new air cargo charter routes, which connect five continents, to meet increased demand for air freight capacity.The company's weekly, direct Luxembourg–Sao Paulo, Brazil route was launched last week and offers 100 tonnes of capacity between Europe and Brazil.from March 1, DSV will start a weekly service ...
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NewsApex acquisition set to make K+N the leading airfreight forwarder
Kuehne+Nagel (K+N) has entered into a binding agreement to acquire Apex International Corporation as it looks to expand its presence in Asia.Terms of the deal were not disclosed, but Reuters quotes people familiar with the matter as stating that the transaction is valued at around $1.5bn-$2bn.The deal is the largest ...
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NewsDSV invests in new logistics centre to accommodate growth
DSV plans to invest DK2bn in a new 700,000 sq m logistics centre in Horsens, Denmark, that will accommodate its recent and forecast growth.The company also plans to consolidate its Horsens warehouse and cross-docking terminals to increase efficiency and productivity, as well as reducing its CO2 emissions.The office will cover ...
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DSV to expand Canadian drone programme
DSV Panalpina will utilise Drone Delivery Canada (DDC) on a second route, delivering healthcare related cargo from the forwarder's warehouse in Milton, Ontario to customers locally.DDC will deploy its Sparrow cargo drone, which at destination will hover at a lowered altitude, drop un-tethered cargo in a designated area shared by ...
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Canadian drone delivery project in commercial take-off
Drone Delivery Canada’s (DDC) drone delivery project with DSV is now commercially operational.DDC expects multiple subsequent inbound/outbound commercial routes for DSV’s customers with time-sensitive cargo.DDC, through its sales agent Air Canada, signed an agreement in October 2019 with DSV Air & Sea Canada to provide its drone delivery platform.Customers pay ...
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NewsDSV Panalpina registers improved airfreight volumes but margins in focus
DSV saw airfreight revenues and volumes improve last year thanks to its acquisition of Panalpina in August, but margins came under pressure.In 2019, the combined DSV Panalpina Group saw total revenues increase 19.8% year on year to DKr94.7bn, earnings before interest and tax (ebit) improved by 22.1% to Dkr6.6bn but ...
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DSV Panalpina warns of job cuts during restructure
DSV Panalpina Group has announced the possibility of job cuts as it relocates the former Panalpina headquarters (in Basel) to its headquarters in Denmark.The company said it is finalising its analysis of the impact on corporate functions at the former Panalpina headquarters but warned the relocation could result in up ...
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German cargo market drops by more than 20% in June
Airlines and freight forwarders experienced some big declines in German export volumes in June, writes Oliver Link from Air Cargo News sister title DVZ.According to the latest Iata Cargo Account Settlement System (Cass) data, the total volume of freight exported from Germany dropped by 24.6% on a weight basis compared ...