All DSV articles – Page 3
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News
Deutsche Bahn prepares for the sale of DB Schenker
Deutsche Bahn is preparing for the sale of its freight forwarding subsidiary DB Schenker as it looks to focus on its core rail business.The rail group said today that it has assigned its management board to examine and prepare the case for a potential sale of up to 100% of ...
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NewsDSV offsets carbon emissions with Etihad flight
Source: Etihad CargoDSV has become the first company to purchase Etihad Cargo sustainable aviation fuel (SAF) to offset the carbon emissions of a flight.Etihad Cargo transported DSV's cargo shipment from Washington Dulles to Abu Dhabi on Etihad's first transatlantic NetZero flight on November 13.The B787 flight also utilised contrail prevention ...
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NewsLATAM and DSV to expand Huntsville freighter operation
Source: LATAM CargoLATAM Cargo and DSV will increase the frequency of their freighter partnership operating out of Huntsville as they look to capitalise on demand to South America.The partners started the service five months ago with a once-a-week flight on Mondays between the US airport and Viracopos in Brazil utilising ...
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News
DSV records airfreight slowdown in Q3 as rates and demand drop
DSV reported a "reduced growth rate" for airfreight business in the third quarter of 2022 as rates declined and consumer demand dropped amid economic uncertainty.In the third quarter of 2022, the forwarder’s Air & Sea division reported a 44.2% year-on-year increase in earnings before interest and tax (ebit) before special ...
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News
DSV second quarter income resilient against weakened demand
DSV has reported positive air results for the second quarter of 2022, aided by ongoing oceanfreight disruption and its acquisition of Agility’s Global Integrated Logistics (GIL), against a softening of demand.In the second quarter of 2022, the forwarder's Air & Sea division reported a 102.7% year-on-year increase in earnings before ...
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News
DSV unaware of any CH Robinson divestment process
DSV has said it is unaware of any divestment process at CH Robinson after reports emerged that the Danish forwarder was interested in buying the US firm's forwarding business.In a statement to Air Cargo News, DSV, which has expanded rapidly through acquisitions over the past few years, added that would ...
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NewsTop 25 airfreight forwarders: Kuehne+Nagel takes top spot from DHL
There is no doubt that 2021 was a bumper 12 months for airfreight forwarders with revenues, profits and volumes reaching new highs, but it was also a year of change at the top as Kuehne+Nagel knocked DHL off the top spot (see full list at end of article).The latest annual ...
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NewsDSV and LATAM Group partner to ease Americas supply chain congestion
Photo: DSVDSV and LATAM Group are collaborating to tackle US-Brazil supply chain congestion with a new air cargo service.Tagged as the "LATAM Star", LATAM together with DSV Air & Sea will offer a direct service from Huntsville International Airport in Alabama to Viracopos, Brazil.Mads Ravn, executive vice president, DSV Air ...
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InsightsNordic air cargo market weathers turbulence
Challenges created by ongoing reduced airfreight capacity and Ukraine war constraints have seen the Nordic air cargo market continue to invest and innovate to meet new challenges, writes Damian Brett.Times have been turbulent for the Nordic air cargo market over the last couple of years.Like much of the industry, companies ...
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News
DSV and K+N outline a complex market with higher rates to continue
Kuehne+Nagel (K+N) and DSV highlighted a complex logistics market in their recent quarterly updates, with higher freight rates to stay, softening consumer demand and ongoing supply chain disruption.K+N was the first to reveal its results, with revenues and profits continuing to surge on the back of acquisitions on higher prices ...
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News
DSV gross profit grows 61% in Q1 2022 bolstered by air and sea freight
Freight forwarder DSV reported gross profit grew 61% in the first quarter of 2022 with the Air & Sea division achieving an EBIT growth of 109%.The Air & Sea division’s revenue amounted to DKr45,887m for the first three months of 2022, compared to DKr22,924m for the same period last year.For ...
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News
Major forwarders suspend Russia operations
The world's leading four airfreight forwarders have all announced a suspension of services covering Russia.The move comes as transport operations face disruption due to sanctions and restrictions put in place as a result of the Russian invasion of Ukraine.In a customer advisory, Kuehne+Nagel said that most carriers - across land, ...
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News
Supply chain costs to rise as Ukraine crisis bites
Freight forwarders are warning of higher supply chain costs as the impact of the invasion of Ukraine disrupts transportation operations.The forwarding sector said the airspace restrictions imposed by Russia, European states, Canada, the UK and in North America were forcing airlines to cancel and adjust services."Adjustments to flight schedules are ...
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InsightsRobust demand and rates for Asia-Europe air cargo
Asia-Europe air cargo trade looks set to continue with high rates and demand in 2022, writes Roger Hailey.Turbulence is an understatement when describing the many variables facing air cargo’s Asia-Europe trade lane in 2022.A cocktail of ingredients looms ominously: possible Covid-19 variants shutting down factories as well as airlines and ...
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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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Insights
2022 set to be the year of charter operations for freight forwarders
It seems that 2022 will once again be a year of cargo charter flights for freight forwarders.James Gagne, president and chief executive of Seko Logistics, outlined a challenging market for freight forwarders in 2022.He highlighted ongoing issues in ocean shipping, labour shortages due to Covid hitting port/airport operations, ongoing consumer ...
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InsightsOutlook 2022: Another challenging year for air cargo
With 2022 off to a busy start, Air Cargo News caught up with a range of companies to find out what their expectations are for the coming 11 months. Damian Brett reports.Around September last year, the air cargo industry was tentatively hoping that the market could be setting out on ...
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News
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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NewsAir Cargo News' most read stories in 2021
Last year was another busy 12 months for the air cargo industry, with COVID-19 continuing to take its toll on supply chains.Some of the challenges facing the industry were modal shift, COVID shutdowns, rising demand and ongoing capacity shortages but once again air cargo came through, playing a key role ...
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NewsDSV launches new environmental solutions
Lindsay Zingg. Source: DSVDSV has launched a new environmental solution that it hopes will help reduce the emissions created in the global supply chains and meet rising demand from shippers for greener supply chains.The top three freight forwarder will today launch its Green Logistics programme, which is built around four ...