All DSV articles – Page 8
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News
CEVA buys CMA CGM's freight management business as part of strategic shake-up
CEVA will buy shareholder CMA CGM’s freight management activities for $105m as part of a wider revision of its strategic plan that will see management at the shipping line take key positions within the forwarder.CEVA, which launched a transformation project in 2014, said that as well as the acquisition of ...
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CEVA earnings hit by Italian contract logistics problems
CEVA Logistics saw 2018 third quarter (Q3) and year to date (YTD) revenues hit by problems at its Italian contract logistics arm.CEVA, whose board rejected a $1.5bn takeover approach by Danish logistics operator DSV in mid-October, reported adjusted EBITDA of $55m for Q3 and $198m YTD, down $27m and $8m ...
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DHL sees airfreight volumes decline despite revenue improvement
The world’s largest airfreight forwarder DHL Global Forwarding continued to see airfreight volumes tumble during the third quarter of the year, but still managed to record improvements in revenues and gross profits.The Bonn-headquartered forwarder saw total airfreight volumes decline by 5.2% year on year during the third quarter to 529,000 ...
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DSV airfreight grows above market rate in third quarter
The DSV Air & Sea division reported a 10% increase in airfreight volumes for the first nine months of 2018, with seafreight recording 4% growth.The Denmark-based logistics operator says the airfreight increase was mainly driven by a strong performance on EMEA and American exports and compared well with an estimated ...
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DSV pulls out of CEVA bid process after revised offer is rejected
DSV will not seek to acquire CEVA Logistics after the Danish supply chain giant's "revised private proposal" was rejected.The second offer of CHF30 a share by DSV would have provided CEVA shareholders with a premium of 60.4% to CEVA’s share price of CHF 18.70 as of 1 October 2018.DSV's first ...
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CMA CGM ups share stake in CEVA Logistics to 33% after rejected DSV bid
Container shipping line CMA CGM has raised its stake in CEVA Logistics from 24.99% to 33% of company shares following the failed takeover approach for CEVA by Danish logistics giant DSV.CMA CGM, the world's third largest container shipping group, has also announced an “additional economic exposure of 4.56%” in CEVA ...
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DSV's half year air freight boost
Danish freight forwarder DSV saw an 11 per cent rise in air freight volumes in the first half of 2014 to 137,000 tonnes, well above an estimated market growth of between two and four per cent for the period.Acquisitions added around two per cent to the surge in air cargo ...
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DSV launches express service
GLOBAL transport and logistics company DSV Air & Sea has launched its own courier and express service that will enable UK customers to use just one company for all their logistics needs.Online pricing enquiries, bookings, track and trace, point of delivery and electronic invoicing put DSV XPress among the technological ...
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Emerging markets tempt DSV
LOGISTICS giant DSV is to move decisively into emerging markets with the acquisition of the Swift Freight Group.Dubai based Swift Freight is a regional freight forwarder, with 36 offices spread across 15 countries in Africa, the Middle East and Asia.The purchase agreement includes ownership of the companies in the UAE, ...
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DSV strengthens presence in Latin America
DSV Air & Sea and Inversiones Los Inkas have established a joint venture in Latin America. It will started on 1 April and will operate under the name DSV-GL.Inversiones Los Inkas is the parent company of Goldenlogistics, which is already the current partner of DSV.The venture will operate out of ...
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News
DSV cuts jobs
DSV is to cut staffing levels by 12 to 15 per cent. Around 3,500 of the 25,000 jobs will be axed as part of the integration of ABX Logistics, which DSV bought in October last year.While DSV admits that there were going to be some job losses following the takeover, ...
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DSV joins LH Cargos elite clan
Logistics provider DSV is set to be admitted into the Global Partnership Programme of Lufthansa Cargo. Peter Larsen, vice-president DSV Air & Sea Holding and Dr Andreas Otto, Lufthansa Cargo board member for product and sales, signed the membership agreement in Brøndby in Denmark.“We are pleased to be able to ...