DSV

C.H. Robinson’s global forwarding unit reportedly eyed by DSV

A man looking at a computer screen at a DSV office

Danish freight forwarder DSV has been reported to be interested in C.H. Robinson’s global forwarding unit.

Reuters reported Tuesday that a small group of investors, which recently met with DSV (DSV.C.DX), were told of the company’s interest in the segment and that the business could sell for as much as $9 billion.

C.H. Robinson’s (NASDAQ: CHRW) forwarding segment has significantly outperformed its freight brokerage business, which suffered during the pandemic as contract truckload rates struggled...

https://www.freightwaves.com/news/ch-robinsons-global-forwarding-unit-reportedly-eyed-by-dsv

DSV reports strong financial results for Q1, upgrades full-year outlook

The Danish transport and logistics group DSV has reported strong first quarter results with growth and high productivity across all its three divisions, Solutions, Air & Sea and Road, with the company’s CEO, Jens Bjørn Andersen, confirming that “for Q1 2022, we report a strong set of results, with earnings growth across all divisions and a strong cash flow.”

DSV achieved a gross profit of approximately US$1.8 billion for the first three months of 2022, increased by around US$700 million compared...

https://container-news.com/dsv-reports-strong-financial-results-for-q1-upgrades-full-year-outlook/

Prompt extends user-controlled AI tools to leading TMSes

Automation solutions provider Prompt announced Monday that it is extending its dedicated CargoWise software products to become accessible to all transportation management systems.

The company is currently working on integrating itself into technology suites including BluJay Solutions, Magaya and SAP. 

“Prompt helps supply chain companies to easily expand the functionality of their TMS without changing or replacing any of their existing software,” said Prompt CEO Robert Petti. 

Prompt’s technology...

https://www.freightwaves.com/news/prompt-extends-user-controlled-ai-tools-to-leading-tmses

Russia-Ukraine developments: Commodity diesel prices take a breather

Consumers of diesel fuel got a rare respite, at least in the commodity markets, when the price of ultra low sulfur diesel (ULSD) rose only slightly Thursday.

After three days in which the price of ULSD on the CME commodity exchange rose more than 64 cents a gallon, ULSD Thursday rose just 0.87 cents to $3.5034 a gallon. It had been as high as more than $3.84 per gallon earlier in the day.

The general consensus in the market is that prices pulled back because of growing signs that negotiators in...

https://www.freightwaves.com/news/russia-ukraine-developments-commodity-diesel-prices-take-a-breather

DSV executes on growth strategy and reports record-high results for 2021

DSV executes on growth strategy and reports record-high results for 2021

Today’s highlights

  • DSV reports 59% growth in revenue and 71% growth in operating profit for 2021. All three business areas – Air & Sea, Road and Solutions – contributed to the growth.
  • During 2021, global supply chain disruptions, port congestion, delays and record-high freight rates have become some of the most debated topics both for businesses and in society at large. Throughout the year, DSV’s teams worked hard to find...

https://allaboutshipping.co.uk/2022/02/09/dsv-executes-on-growth-strategy-and-reports-record-high-results-for-2021/

Freight forwarders double down on air charter networks

A large white plane with blue GEODIS logo on the side. Grass in the forefront.

Several global freight brokers expanded their private air networks in January to guarantee reliable transport for customers in response to high import/export demand, tight aircraft supply and severe ocean shipping delays.

The new services give customers more shipping options during a year when airfreight demand is forecast to continue growing, especially in the near term as congested airports scale back workloads and carriers cancel flights due to the rapid spread of the omicron variant....

https://www.freightwaves.com/news/freight-forwarders-double-down-on-air-charter-networks

Snapshot: DSV – the ‘M&A value’ evaporates

Value, what value?
As if the week didn’t already get off on the wrong foot for DSV shareholders, with another weekly buyback announcement highlighting the trouble that purchasing stock when the market moves against you can turn out to be…
… there was mild encouragement from the average transaction price sourced from Tab.1 above on Monday: at Dkr1,476 a share, it was (almost perfectly) bang in the middle of the Dkr1,350-1,550 support-resistance …

The post Snapshot: DSV – the ‘M&A value’ evaporates

https://theloadstar.com/snapshot-dsv-the-ma-value-evaporates/

Against the odds: How cool – DSV a Nasdaq proxy, Mærsk mimics Treasury yields

We need hard, incremental evidence to draw a necessary line between causation and correlation regarding what is to follow in today’s musings – the two can exist at the same time of course, but while causation explicitly denotes a relationship whereby one event is the cause of another; correlation simply implies there is a relationship between two events, and the actual dynamic of that requires further investigation.
And this week’s action …

The post Against the odds: How cool – DSV a Nasdaq...

https://theloadstar.com/against-the-odds-how-cool-dsv-a-nasdaq-proxy-maersk-mimics-treasury-yields/

M&A radar: The DSV value chase – between a rock and DB Schenker

Top brass at DSV hasn’t wasted any time this year making absolutely clear, via the local press, that the Danish forwarder is open to deal-making once again. The sooner the better once the latest prey, Agility GIL, is fully integrated as early as H1 22.
That came just about a couple of weeks after compatriot AP Møller-Mærsk (APMM), smoothly yet publicly – while promoting its latest meaningful contract logistics deal – …

The post M&A radar: The DSV value chase – between a rock and DB Schenker...

https://theloadstar.com/ma-radar-the-dsv-value-chase-between-a-rock-and-db-schenker/

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