All DSV articles – Page 6
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NewsAn-22 comes in from the cold for helicopter flight
Antonov Airlines An-22Antonov Airlines' An-22 has returned to commercial service after being taken out of action for just over a year to carry out routine maintenance.The turboprop freighter completed two flights carrying helicopters and spares between Madrid and Baghdad on behalf of DSV Spain – the logistics operator of the ...
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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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NewsLarsen steps down as DSV chairman
Kurt K. Larsen has today resigned as chairman and board member of fast-growing Danish logistics giant DSV, having been a pivotal figure in the development of the acquisitive forwarder which recently completed its merger with Panalpina.Thomas Plenborg, the newly-elected chairman of the DSV board, said: "Throughout 30 years, Kurt K. ...
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NewsDSV Panalpina carries out first shipment through its combined network
DSV Panalpina has carried out its first shipments as one company, following their merger (completed on August 19) which created the second-largest airfreight forwarder in the world.Last Thursday, DSV Panalpina's successful shipment of thurst reverser engine parts from Huntsville, US, to Luxembourg, marked the first time that the newly-formed company ...
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Panalpina announces changes to board of directors
Panalpina has made changes to its board of directors following its merger with DSV.The company said that it had decided to downsize its executive board by eliminating the positions of chief commercial officer, chief legal officer, chief information officer, executive vice president, airfreight and executive vice president, ocean freight.Lucas Kuehner, ...
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DSV-Panalpina merger creates world's second largest airfreight forwarder
DSV has announced that its acquisition of Panalpina will finally be completed today in a deal worth $5.5bn.The combined company will be recognised as DSV Panalpina and the merger will result in the creation of the second-largest airfreight provider in the world - DHL currently leads the pack.Panalpina is a ...
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NewsDHL sees airfreight volumes slide in Q2
DHL Global Forwarding saw its airfreight volumes decline in the second quarter of the year, but its air gross profit was on the rise.The world’s largest airfreight forwarder reported a 2.4% year-on-year decline in second-quarter airfreight revenues to €1.2bn, while volumes dropped by 5.8% on last year to 502,000 tonnes ...
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DSV Air & Sea sets up Pittsburgh branch
DSV Air & Sea has opened a new office in Pittsburgh, Pennsylvania – its 36th branch in the US.Located near the city’s international airport, it will offer air and sea freight services, customs clearance and DSV’s cargo insurance products.DSV now has more than 50 facilities across the US that offer ...
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DSV reveals air freight performance for the half year
DSV's air freight volumes have slightly dipped this half-year, with amounts (in tonnes) increasing by 1% for the first half of 2019, but decreasing by 2% in the second quarter of the year. The decline is a result of trends in the market, as well as the termination of a ...
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Combined DSV-Panalpina to take 6% of forwarding market
The combined DSV-Panalpina business will hold a market share of 6% when the deal is completed, according to a report by consultant Transport Intelligence (Ti)The Global Freight Forwarding Report 2019 described DSV's takeover of Panalpina as the "most high-profile development in the forwarding sector in the past twelve months".The merging ...
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NewsTop 25 airfreight forwarders 2018: K+N continues to close in on DHL
The world’s largest airfreight forwarders had a bumpy landing in 2018 following on from a stellar 2017 (full chart at end of article).Based on figures from consultant Armstrong & Associates, the leading 25 airfreight forwarders recorded a 4.2% increase in volumes to 16.7m tonnes last year.In most years this would ...
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NewsDSV continues IT drive with centralised service centre
One of DSV's global IT support centre teamsDSV has developed a centralised IT service centre as it continues its drive towards standardised systems across the whole company.The Danish freight forwarder last year hired Lasse Lundemark as director of global IT support with the task of developing a global IT support ...
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NewsDSV: 'a complex operation' for generator move
Global transport and logistics company DSV has moved a generator component on behalf of Siemens from Germany to Australia.The piece, which was 6 m long and had a diameter of 3 m, weighed 40 tonnes, so DSV chartered an IL-76 freighter from Volga-Dnepr Airlines for the job.The component was loaded ...
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NewsDSV’s Krefeld facility beds in
DSV staff moved into a new facility in Krefeld in 2015 that brought together numerous service and operations offered by the Denmark-headquartered logistics services provider.Approximately 500 specialists working in the fields of air, sea and road transport, as well as warehousing and other logistics services, are based at the facility ...
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NewsDSV sets out its Offer Prospectus on Panalpina takeover
Denmark-headquartered DSV has laid out terms associated with its takeover of Panalpina in a document known as an Offer Prospectus.In it, DSV confirms that it intends to obtain full (100%) control of Panalpina.Following the successful completion of the takeover, the prospectus explains that, “DSV plans to commence the integration process ...
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NewsTurkish Cargo scoops Cargo Airline of the Year Award
Turkish Cargo was voted Cargo Airline of the Year 2019 as the airfreight industry gathered in the UK for a night of celebration at Air Cargo News’ industry Oscars, now in their 35th year.The Istanbul-hubbed airline secured the highest total number of votes cast by Air Cargo News readers to ...
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NewsDSV expects Panalpina deal to complete in Q3 as profits rise
DSV expects to close its takeover of Panalpina by the end of the third quarter of this year.In its first quarter results, Denmark-based freight forwarder DSV revealed its expected timeline for its $4.6bn takeover of Panalpina.In May, DSV will file its planned share purchase with the relevant authorities, announce its ...
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NewsPanalpina airfreight volumes improve in Q1 despite market decline
Panalpina has bucked market trends by reporting an increase in air cargo volumes in the first quarter of the year, while overall profits and revenues were also on the up.The company, which looks likely to merge with Denmark’s DSV, saw airfreight volumes increase by 8% in the first quarter to ...
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NewsPanalpina board proposes no dividend and new chairman
Thomas Kern, chair of Panalpina's independent board of directorsPanalpina’s board of directors has proposed to elect Thomas Kern as chairman of the board at the upcoming annual general meeting (AGM), to be held on May 9. Meanwhile, the board has also proposed that no dividend be paid out to shareholders ...
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DSV Panalpina: Focus on higher margins and growth rather than slimming down on jobs
DSV intends to lift the profit margin of $4.6bn take-over target Panalpina after the two global freight forwarders have combined their businesses into a $17bn turnover company.DSV boss Jens Bjørn Andersen indicated that the regulatory process in the all-share transaction should take around six months to complete, and that he ...