DSV

DSV unveils first renewable energy assets in Sweden

DSV announced the launch of its first renewable energy assets at its warehouse facilities in Landskrona, Sweden.

This major milestone marks an important step toward DSV’s commitment to achieving net-zero CO2 emissions by 2050. The initiative not only helps reduce DSV’s own carbon footprint but also supports customers in reaching their sustainability goals by decarbonizing logistics solutions.

Brian Ejsing, Group COO, commented: “This important initiative goes beyond just powering our own...

https://container-news.com/dsv-unveils-first-renewable-energy-assets-in-sweden/

DSV posts first positive earnings since 2022

Global logistics provider DSV posted earnings growth on higher volume and gross profit in the third quarter, its first year-on-year gains since 2022.

Denmark-based DSV (CPSE: DSV) reported continuing improvement in earnings driven by positive volume growth across all divisions. 

Quarterly gross profit improved by 4.8% to $1 billion, and earnings before interest and taxes and before special items was 1.5% higher at $400 million compared to the same period in 2023, leading to sequential growth in...

https://www.freightwaves.com/news/dsv-posts-first-positive-earnings-since-2022

Tighter margins for DSV and K+N in 2024 to date

DSV and Kuehne + Nagel, the world’s two largest freight forwarding groups, saw their profit margins squeezed for the first nine months of 2024.

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Martina Li
Asia Correspondent


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https://container-news.com/tighter-margins-for-dsv-and-kn-in-2024-to-date/

Deutsche Bahn’s Supervisory Board approves DB Schenker sale

The Supervisory Board of Deutsche Bahn AG gave the green light to the sale of DB Schenker to the Danish transport and logistics company DSV at a meeting on 2 October.

At the same time, the federal government granted the approval required for the transaction under the Federal Budget Code (BHO).

The sale is expected to be completed in 2025 once all regulatory approvals have been obtained.

On 13 September, the Management Board of DB AG signed an agreement under which it sold its logistics subsidiary...

https://container-news.com/deutsche-bahns-supervisory-board-approves-db-schenker-sale/

Schenker sale to DSV approved

The supervisory board of Germany’s Deutsche Bahn AG (DB) on Wednesday approved the sale of forwarder Schenker to Danish logistics group DSV.

The combined companies will have revenue of $43.5 billion, ranking ahead of current leading global forwarder Kuehne+Nagel of Switzerland, at $28.11 billion. The joint workforce will total around 147,000 employees at 1,850 locations in more than 130 countries.

Also on Wednesday, the German government granted its approval of the sale, which is expected to be...

https://www.freightwaves.com/news/schenker-sale-to-dsv-approved

Schenker buy makes DSV a forwarder colossus

German national railway Deutsche Bahn AG and transport and logistics provider DSV of Denmark on Friday said they have signed an agreement for DSV to acquire DB’s logistics subsidiary Schenker for an estimated $15.84 billion.

DB said interest income until completion of the sale could push the value to $16.4 billion.

DSV said in a release that the combined companies will have revenue of $43.5 billion, ranking ahead of current leading global forwarder Kuehne+Nagel of Switzerland, at $28.11 billion....

https://www.freightwaves.com/news/schenker-buy-makes-dsv-a-forwarder-colossus

Report: DSV wins Schenker bidding

Schenker has been sold, but not to the U.S. private equity group vying for control of the German logistics provider.

Transport provider DSV of Denmark has emerged as the winning bidder, Reuters reported, in a deal worth 14 billion euros ($15.43 billion).

A consortium of private investors led by CVC Capital Partners of New York failed in its bid for Schenker, a unit of German railway Deutsche Bahn (DB).

A preliminary agreement would be signed in the coming days, the news service reported, quoting...

https://www.freightwaves.com/news/report-dsv-wins-schenker-bidding

DSV wins DB Schenker acquisition race

According to a latest Reuters report, Danish logistics firm DSV will acquire Deutsche Bahn’s rail logistics arm DB Schenker.

The transcation cost will amount around US$15.5 billion and the contract will be signed in the next days, after the deal receives the approval by Deutsche Bahn’s supervisory board.

DSV’s latest competitor was Luxemburg-headquartered financial investor CVC, which was the only contender remaining in the race until the end.


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https://container-news.com/dsv-wins-db-schenker-acquisition-race/

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