DSV

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/

Schenker sale could create US logistics powerhouse

The sale of the logistics arm of Germany’s national railway has the potential to create a new supply chain powerhouse in the United States.

Final bids value DB Schenker, a unit of Deutsche Bahn, at as much as $17 billion, according to published reports.

The bids from a consortium led by U.S.-based CVC Capital Partners and Danish transport company DSV value the business at around 14 billion euros ($15.6 billion).

Schenker operates 1,850 locations worldwide with more than 725 warehouses and 72,000...

https://www.freightwaves.com/news/schenker-sale-could-create-us-logistics-powerhouse

Flexport’s global head of ocean freight focuses on helping companies grow

Flexport has tapped Trine Nielsen as the global head of ocean freight.

Nielsen most recently oversaw Flexport’s Europe, Middle East and Africa ocean team as it navigated global challenges such as the Red Sea disruptions.

In her new role, Nielsen will lead Flexport’s strategy for the global ocean division and seek to enhance the company’s partnerships with ocean carriers worldwide. 

“I’m very passionate about solving problems for companies and seeing them become successful,” Trine told FreightWaves...

https://www.freightwaves.com/news/flexports-global-head-of-ocean-freight-focuses-on-helping-companies-grow

Airfreight, contract logistics boost Kuehne+Nagel, DSV results

A 23% decline in operating profit during the second quarter represented sequential improvement for Swiss logistics giant Kuehne+Nagel, which credited increased airfreight demand with offsetting other sector declines and said it expects stronger profits in the back half of the year.

Meanwhile, Danish rival DSV on Wednesday reported a 12.4% reduction in operating income from the prior year compared to a 21% decline in the first quarter as the company reaped rewards from volume growth and market...

https://www.freightwaves.com/news/airfreight-contract-logistics-boost-kuehnenagel-dsv-results

Maersk withdraws from DB Schenker takeover – Will this clear path for DSV?

Danish container shipping giant Maersk is no longer interested in acquiring German logistics company DB Schenker, according to Reuters, due to possible future integration challenges.

DB Schenker’s mother company Deutsche Bahn launched a sale process last year.

Maersk said it was considering the takeover of DB Schenker, but Vincent Clerc, CEO of the Danish ocean career, recently stated, “Our investigation confirmed DB Schenker as an interesting company … But the in-depth review also identified...

https://container-news.com/maersk-withdraws-from-db-schenker-takeover-will-this-clear-path-for-dsv/

DSV reports US$5.5 billion revenue in 2024 first quarter

DSV kicked off 2024 on a high note, securing increased market share across all divisions. The first-quarter results are as expected and signify the stabilization of freight markets, said the company.

During the first three months of the year, DSV smoothly transitioned its executive, divisional, and commercial leadership, assembling a highly experienced team ready to execute its strategy.

In Q1 2024, revenue totalled US$5.5 billion, down from US$5,8 billion in the previous year. When adjusted for...

https://container-news.com/dsv-reports-us5-5-billion-revenue-in-2024-first-quarter/

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