DSV Company Profile

September 5, 2023 The freight forwarding market continues to be negatively affected by the ripple effects of normalization in consumer behavior, as well as the global economic and manufacturing slowdown. Consequently, volumes handled by freight forwarders slowed down in the second half of 2022.

May 4, 2023 Analysts expect the percentage of cargo booked and shipped through completely digital platforms to double to nearly 20% by 2024. To accommodate this rapid growth, large forwarders are investing heavily in digital offerings for booking, quoting, tracking, and invoicing—the ones who don’t will be left behind.

March 21, 2023 DSV said that the objective of these acquisitions are three-fold: to augment its position within the semiconductor industry; align with its new Phoenix-Mesa Gateway Airport operations; and support its growing cross-border services into Latin America. It added that these acquisitions are expected to be made official next month.

June 21, 2022 The report said that DSV is looking to expand in North America, adding that CHR’s global forwarding business would provide DSV with what it called critical access to trans Pacific ocean trade lanes, with the global forwarding business potentially having a $9 billion price tag.

June 1, 2022 Just like last year, 3PLs continue to face a host of critical and pressing issues that challenge their skills at managing a client’s supply chain. And while company financials for 2021 were staggering, the state of the market in 2022 depends on the pace of global recovery— which currently seems to be slowing.

June 15, 2021 At DSV Canada’s head office and multi-client logistics facility near Toronto, Ontario, the use of a fully autonomous floor scrubbing robot solution has saved hundreds of hours in labor and allows one robot to efficiently clean the facility with minimal custodian oversight.

April 27, 2021 DSV officials said that this acquisition is expected to establish a top three global freight forwarder, for revenue, and will be an all-share transaction expected to close in the third quarter. And it also noted that Agility will become DSV’s second largest shareholder, with an 8% ownership stake in the company.

August 26, 2019 Late last week, the acquisition of Basel, Switzerland-based global 3PL and airfreight forwarder Panalpina by Hedehusene, Denmark-based global 3PL DSV was made official, according to DSV officials.

February 15, 2019 More than a few moving parts remain intact, when it comes to the interaction between Basel, Switzerland-based global 3PL and airfreight forwarder Panalpina by Hedehusene, Denmark-based global 3PL DSV, in regards to the latter’s pursuit of the former as an acquisition target, now the DSV has upped its offer for Panalpina and a separate party, Agility, is in talks with Panalpina about "partnership opportunities."

February 7, 2019 While the outcome had been predicted in industry circles, the verdict that Basel, Switzerland-based global 3PL and airfreight forwarder Panalpina will not be acquired by Hedehusene, Denmark-based global 3PL DSV is now official.

January 17, 2019 Hedehusene, Denmark-based global 3PL DSV said this week that it confirmed that it made “an indicative and private proposal” to the board of directors of Basel, Switzerland-based global 3PL and airfreight forwarder Panalpina to acquire the company.

November 21, 2016 From mergers and acquisitions to regulation changes, Logistics Management has compiled the most influential Logistics and Supply Chain news stories of 2016.

January 22, 2016 Sale of California-based 3PL services provider to Denmark-based global 3PL completed for $1.35 billion.

January 22, 2016 The sale of Long Beach Calif.-based non asset-based third-party logistics (3PL) services provider UTi Worldwide to Denmark-based global 3PL DSV for $1.35 billion and $7.10 per share is now official, UTi and DSV officials said today. This follows an October announcement from UTi in which it said it had entered into a definitive agreement to be acquired by DSV.

October 9, 2015 More than nine months after saying it was not for sale, Long Beach Calif.-based non asset-based third-party logistics (3PL) services provider UTi Worldwide has apparently changed its tune, with the company saying it has entered into a definitive agreement to be acquired by Denmark-based global 3PL DSV for $1.35 billion and $7.10 per share.