All DSV articles – Page 2
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News
DSV: Red Sea crisis having a limited impact on airfreight
Customers are "buffering up" to combat the impact of the Red Sea crisis and have yet to resort to a major shift to air, according to DSV.Speaking following the announcement of its full-year results, the forwarder's new chief executive Jens Lund explained the steps customers are taking to mitigate the ...
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NewsDSV sees air revenues and volumes tumble in 2023
DSV's airfreight revenues, volumes and gross profits all took a hit last year due to improved ocean shipping operations, high inventories and a weak consumer market.The Denmark-headquartered forwarder reported a 44.1% year-on-year decline in air revenues in 2023 to Dkr50.6bn, gross profit for the year was down 27.9% to Dkr13.4bn ...
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News
DSV and Schneider Electric launch green multimodal shipping model
DSV and energy firm Schneider Electric have launched an "industry-first" multimodal shipping model using sustainable aviation fuel (SAF) to help green the supply chain.Together with Schneider Electric, freight forwarder DSV has deployed multimodal shipping bridges between Singapore and France and Shanghai and France that reduce Scope 3 carbon emissions from ...
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News
DHL Forwarding and DSV manage Cathay shipments via CargoWise
CargoWise has teamed up with Cathay Cargo to offer DHL Global Forwarding and DSV real time management of shipments on the airline's Click & Ship booking platform via CargoWise.The companies are now able to plan, book, confirm and manage shipments in Cathay Cargo’s Click & Ship booking platform in real-time ...
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NewsDB Schenker sale process underway as firm is officially on the market
Deutsche Bahn has confirmed that subsidiary DB Schenker is officially up for sale a year after it began examining the possibility of selling its freight forwarding and logistics business.The state-owned German railways giant said in a statement this morning that it has launched the sales process for the world's fourth-largest ...
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News
DSV and Saudi Arabia's NEOM establish $10bn logistics joint venture
DSV and Saudi Arabia's 'NEOM' special economic zone have announced a $10bn logistics joint venture (JV) to support the development of NEOM projects.The JV will focus on providing ground, sea and air logistics services for NEOM in the coming years.Under the agreement, the joint venture will provide end-to-end supply chain ...
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News
DSV volumes fall once more in Q3
Multimodal freight forwarder DSV saw its third quarter air cargo volumes fall 14% year on year.DSV recorded a decline in volumes from 375,990 tonnes in the third quarter of 2022 to 324,436 tonnes in the same period of this year.Echoing its analysis of the first quarter of the year, DSV ...
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NewsJens Bjørn Andersen to step down as DSV CEO
Jens Bjørn Andersen will next year step down as the chief executive of top-three freight forwarder DSV after 16 years in charge.Andersen will leave the role on September 1 to be replaced by Jens Lund.In his 16 years in charge of the firm, Andersen has seen its rapid expansion from ...
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NewsDSV partners with Qatar on flights targeting oil and gas sector
Source: DSVDSV has partnered with Qatar Airways Cargo on flights between Mexico, the US, Europe and the Middle East to cater for the oil and gas industry.The twice-weekly flights are part of DSV's air charter network and operate between Mexico City and Doha via Huntsville and Luxembourg."This route also has ...
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NewsKuehne+Nagel and DSV see airfreight volumes plummet
Leading airfreight forwarders Kuehne+Nagel (K+N) and DSV both saw their airfreight volumes, revenues and profits decline in the second quarter of the year.The world's leading air forwarder, K+N, saw its volumes decline 15.5% year on year to 482,000 tonnes, air net turnover fell 48% to Sfr1.6bn and earnings before interest ...
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NewsTop 25 air forwarders: K+N extends its lead on DHL
Kuehne+Nagel (K+N) last year extended its lead over DHL as the world’s busiest airfreight forwarder while market conditions took their toll on overall forwarder volumes (see chart at end of article).The leading 25 airfreight forwarders saw total volumes decline 6.3% year on year in 2022 to 16.9m tonnes as lockdowns ...
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InsightsNordic countries invest to battle through challenges
Nordic air cargo players are facing the same market challenges as the industry is worldwide, but are seeking to tackle them with strategic infrastructure, service and fleet investments.Elizabeth Axtelius is the director of aviation business at Swedavia, the Swedish state-owned company that owns and operates ten of the country’s airports. ...
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News
US retailers brace for peak season box port disruption
US retailers are fretting over disruption at US west coast container shipping ports during worker contract negotiations, which has in the past caused a modal shift to airfreight.The US National Retail Federation (NRF) this week urged US president Joe Biden to intervene in negotiations between International Longshore and Warehouse Union ...
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NewsDSV adds Arizona flights as it looks to cut semiconductor lead times
Source: DSVDSV has added Phoenix-Mesa Gateway Airport to its freighter network as it looks to reduce lead times for semiconductor shipments by bypassing more congested airports.The new Boeing 747 freighter flights will be part of DSV's Atlas Air-operated air charter network and the first regular air cargo charter service in ...
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NewsDSV airfreight volumes fall 20% in first quarter 2023
DSV’s air cargo volumes fell 20.2% in the first quarter of 2023 to 327,712 tons, with the weakest development on export volumes from the Asia-Pacific region. Seafreight volumes measured in teus were also down, by 12%.The Denmark-based forwarder said that the global air and sea freight markets in the first ...
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NewsDSV launches book and claim to cut emissions across all modes
DSV’s new ‘book and claim’ system utilises the respective sustainable fuels for air and sea globally, and road freight within Europe.The logistics giant has invested in large quantities of sustainable fuel to provide customers with decarbonisation solutions across all transport modes.Replacing conventional fossil fuels with sustainable fuel alternatives can reduce ...
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NewsDSV targets semiconductor market with double acquisition
Source: DSVDSV is acquiring US logistics firms S&M Moving Systems West and Global Diversity Logistics as it looks to grow its presence in the semiconductor industry.The Danish forwarder said the deal would also align with its new Phoenix-Mesa Gateway Airport operations and support DSV's growing cross-border services to Latin America.Financial ...
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NewsRoad feeder services getting closer to zero emissions with electric project
Copyright: Hessen Mobil 2019DSV is participating in a research project to test and establish an eHighway that could enable fully electric long-distance road freight.The ELISA eHighway project is being carried out in Frankfurt Germany to establish an electric highway that allows for on-the-go charging of electric vehicles, eliminating downtime spent ...
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InsightsAir cargo outlook: challenging market ahead
It’s been an interesting period for the air cargo industry as volumes have been trending downwards since the first half of last year, while the capacity situation continues to change and rates remain above pre-Covid levels despite recent declines.The fall in volumes reflects high inflation that is affecting consumer spending, ...
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NewsDSV reports on a strong year
Denmark-headquartered supply chain services provider DSV has revealed strong results for 2022, which it said had been driven by “good performance across all our business areas”.Over 2022, its gross profit increased by 33%, while earnings before interest and taxes (EBIT) before accounting for special items rose by 48%.DSV’s Air & ...