All DSV articles – Page 4
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InsightsLatin America: Belly rebound struggles to catch up with cargo demand
While cargo demand to and from the Latam region continues to recover, passenger services - and therefore belly capacity - are only recently starting to increase, keeping the pressure on supply chains, writes Ian Putzger.After a lengthy hiatus in low gear, airlines are ramping up passenger flights in Latin America ...
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News
DSV warns of Chinese New Year supply chain pressure
Freight forwarder DSV is telling its customers to plan early for next year's Chinese New Year holiday as several "extraordinary factors" are expected to put transport operations under extra pressure.The Denmark-based forwarder said that the Chinese New Year holiday, which this year will start on January 31, typically puts extra ...
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NewsDSV: Supply chain constraints to continue into next year
DSV is expecting supply chain constraints and higher pricing to continue beyond the traditional peak season.Speaking to Air Cargo News, the Denmark-based forwarder's chief operating officer Jens Lund explained that there was no sign of the issues in ocean shipping or airfreight clearing up."The Chinese New Year [starting February 1]... ...
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NewsDSV's Q3 air volumes boosted by Agility GIL takeover
DSV saw its airfreight volumes and revenues grow by double-digit percentage levels during the third quarter of the year on the back of market growth and its Agility GIL takeover.The forwarder saw its third-quarter airfreight revenues increase by 78.7% year on year during the period to DKr18.4bn and volumes were ...
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NewsDSV adds B747F US-Brazil flights for 'red hot' market
Source: DSVDSV is continuing to expand its airfreight operation with a new flight from the US to Brazil on the back of rising demand.The forwarder has teamed up with Atlas Air to offer a B747-400 freighter flight from Miami International (MIA) to Sao Paolo VCP under a 12-month agreement.The service ...
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News
DSV upgrades financial outlook for 2021 amid strong sea and air growth
A strong first half performance in sea and air freight that continued into the third quarter has seen Danish mega-forwarder DSV upgrade its 2021 financial outlook.A company announcement stated: “The positive development in the first half of the year has continued into Q3 2021, and we have seen strong financial ...
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NewsDSV adds Shanghai PVG to charter operation as congestion eases
Source: DSVDSV has added Shanghai Pudong to its B747F Globetrotter air cargo charter service after initially avoiding the airport because of congestion at the facility.The forwarder announced yesterday that it would operate a flight once a week between Istanbul, which connects with Liege, and the Chinese airport."We have added an ...
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NewsDSV inaugurates its largest logistics centre in Africa
Image source: DSVDSV has opened a logistics headquarters for its Africa operations in Gauteng in South Africa.Located near OR Tambo International Airport, between Johannesburg and Pretoria, the 130,000 sq m hub is result of DSV consolidating its South Africa operations into one "centralised facility", which is the "largest of its ...
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News
DSV drops Panalpina from company name
DSV has decided to drop Panalpina from its company name two years after its acquisition of the Switzerland-based forwarder.The forwarder said the decision to drop the DSV Panalpina name in favour of DSV was approved by shareholders at an extraordinary general meeting earlier today."Since 2019, DSV Panalpina A/S has been ...
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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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News
DHL's airfreight volumes take off in Q2
DHL Global Forwarding saw its airfreight volumes improve by double-digit percentage levels in the second quarter on the back of tight capacity and improved demand.The Deutsche Post (DP) DHL-owned forwarder reported a 9% year-on-year increase in second quarter airfreight revenues to €2bn on the back of a 35.7% improvement in ...
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News
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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News
DSV to break into top three with takeover of Agility GIL
DSV is set to become a top three global forwarder as it continues its expansion through the planned acquisition of Agility Global Integrated Logistics (GIL) in a deal worth around $4.1bn.The purchase is expected to increase DSV's annual revenue by around 23%, which will rank the combined company as one ...
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News
African air cargo market set to benefit from forwarder investments
It is hoped that recent investments by large forwarders in Africa will lead to infrastructure improvements.In January this year, DHL expanded its capabilities in South Africa by investing in new 10,000 m sq warehouse with pharma facilities near Johannesburg Airport.Also in January, CEVA Logistics acquired Moroccan freight forwarder ASTI Group.In ...
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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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DSV back on the acquisition trail after strong 2020
DSV Panalpina saw its revenues and profits jump last year and is taking aim at another large acquisition following the integration of Panalpina.Last year, the Copenhagen-headquartered logistics firm saw its revenues increase by 22.4% year on year to Dkk115.9bn, earnings before interest and tax (ebit) before special items was up ...
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NewsDSV to develop new Stockholm logistics centre
DSV's planned new Stockholm CentreDSV will develop a new integrated logistics centre close to Stockholm Arlanda Airport in Sweden.The forwarder said the facility is located close to the airport, railway and motorway and is driven by growth in e-commerce.The warehouse will occupy approximately 68,000 sq m and feature an automated ...
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News
DSV Panalpina completes Prime Cargo takeover
DSV Panalpina has completed the acquisition of Prime Cargo’s activities in Denmark, Poland and China from Japan-based forwarder Mitsui-Soko Group.Prime Cargo is headquartered in Kolding, Denmark, but operates internationally and also has freight, warehousing and logistics activities in both Poland and China. It specialises in e-commerce and fashion retail.“DSV Panalpina ...
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NewsDSV Panalpina expands in Africa with another acquisition
DSV Panalpina is expanding its presence in Africa with the acquisition of Globeflight Worldwide Express, a South Africa-based courier company .As part of the acquisition, which is expected to close in around three months subject to regulatory approvals, DSV Panalpina will take over all of Globeflight’s operations in South Africa ...
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NewsDSV targets e-commerce with Prime deal while air cargo improves in Q3
DSV Panalpina has acquired e-commerce specialist forwarder Prime Cargo, while it has also announced continued growth in its airfreight business in the third quarter.The Denmark-headquartered forwarder has agreed to purchase Prime Cargo, including its activities in Denmark, Poland and China, from the Mitsui-Soko Group in Japan for an undisclosed sum.Prime ...