DSV

Port of Brisbane inks 10-year lease deal with DSV

Port of Brisbane has finalized a 10-year lease deal with DSV Air & Sea, a global leader in transport and logistics. The agreement entails the construction of a warehouse and container hardstand spanning 48,000 square meters on the Fisherman Islands.

This new facility at Fisherman Islands will serve as a centralized location for DSV, consolidating its Brisbane-based road and sea freight operations.

Port of Brisbane will oversee the development of a purpose-built structure, comprising a 16,008...

https://container-news.com/port-of-brisbane-inked-a-10-year-lease-deal-with-dsv/

DSV expands reach with new office in North Carolina

DSV, a prominent global provider of transport and logistics solutions, unveiled the inauguration of a new office in Raleigh-Durham, North Carolina.

This strategic move reinforces DSV’s dedication to serving the flourishing healthcare and pharmaceutical industry, along with diverse business sectors in the region.

“We are excited to announce the opening of our new office in Raleigh-Durham, a move that underscores our dedication to providing exceptional logistics solutions to the healthcare,...

https://container-news.com/dsv-expands-reach-with-new-office-in-north-carolina/

NEOM, DSV establish US$10 billion logistics joint venture in Saudi Arabia

NEOM and DSV announced a US$10 billion exclusive logistics joint venture to support the development of ambitious projects taking shape in NEOM, a special economic zone in Saudi Arabia.

NEOM is a region in northwest Saudi Arabia on the Red Sea being built from the ground up as a living laboratory.

“NEOM is one of the largest and most complex projects in the world. It provides a unique opportunity for DSV to support a development that is at the forefront of innovation, technology and digital...

https://container-news.com/neom-dsv-establish-us10-billion-logistics-joint-venture-in-saudi-arabia/

DSV tailors chartered freighter network to shifting market conditions

Global logistics power DSV continues to invest in dedicated freighter services that leverage cargo-friendly secondary airports in the U.S. despite an 18-month rut in international shipping demand that has left many freight forwarders struggling to fill leased charter aircraft. At the same time, the frequency of some flights has been temporarily reduced until conditions improve.

The Denmark-based company this month, in partnership with Qatar Airways, launched another air cargo operation...

https://www.freightwaves.com/news/dsv-tailors-chartered-freighter-network-to-shifting-market-conditions

US shipper issues FMC complaint against DSV

A Connecticut tool company and major shipper has filed a complaint with the Federal Maritime Commission (FMC) in the United States claiming that Danish NVOCC DSV overcharged for its services and had attempted to substantially change service agreements.

Hubbell Incorporated, based in Shelton CT, alleges inappropriate surcharges applied by DSV, along with detention & demurrage charges and billing using FAK and spot rates rather than applicable agreed rates in total amounting to more than...

https://container-news.com/us-shipper-issues-fmc-complaint-against-dsv/

Kuehne+Nagel writes off peak shipping season

The world’s largest logistics provider threw cold water on prospects for a measurable rebound in cross-border freight transportation during the normally busy months leading up to holiday shopping events. 

Kuehne+Nagel and rival powerhouse DSV this week reported sharply lower earnings for the second quarter that aligned with the broader industry’s prolonged downturn, singling out airfreight as the weakest part of their businesses. Both emphasized that they have adapted to more normalized market...

https://www.freightwaves.com/news/kuehne-nagel-writes-off-peak-shipping-season

DSV unveils details for new Phoenix-Mesa air cargo operation

Danish logistics powerhouse DSV A/S will start operating its private-label cargo airline next month at relatively unknown Phoenix-Mesa Gateway Airport, a strategic move aimed at courting Arizona’s sprouting semiconductor and electric vehicle industries with direct service that bypasses crowded Los Angeles International Airport.

The world’s third-largest freight forwarder by revenue in February signed a 39-month lease with the Phoenix-Mesa airport authority for a 22,000-square-foot hangar that...

https://www.freightwaves.com/news/dsv-unveils-details-for-new-phoenix-mesa-air-cargo-operation

From windfall to sustainable profit for Kuehne+Nagel, DSV

The first-quarter earnings of global logistics giants Kuehne+Nagel and DSV showed a remarkable drop in profits that reflected the industry’s quick cooldown in the past year — with a big silver lining.

In reality, the down results were quite positive compared against historical trends and not the hyperinflated conditions of the pandemic, when supply chain disruptions and soaring goods demand sent freight rates through the roof. They also beat analysts’ expectations.

Instead of windfall profits,...

https://www.freightwaves.com/news/from-windfall-to-sustainable-profit-for-kuehne-nagel-dsv

DSV snaps up Arizona trucking, logistics companies

DSV A/S, the third-largest global logistics provider by revenue, announced plans Tuesday to acquire two Arizona-based logistics companies owned by the same family to support its new market focus on the semiconductor industry and cross-border services to Mexico and Latin America.

The Danish transport and logistics company said it reached an agreement to take over S&M Moving Systems West and Global Diversity Logistics (GDL). Both companies are located in the Phoenix area and have 130 total...

https://www.freightwaves.com/news/dsv-snaps-up-arizona-trucking-logistics-companies

DSV boosts revenues and profits in 2022

Global freight forwarder DSV announced increased total revenues, profits and earnings for 2022, compared with the previous year’s results.

In particular, the company’s revenue rose over 20% to US$35 billion, gross profit increased by 33% to US$7.6 billion and earnings before interests and taxes (EBIT) before exceptional items almost doubled to US$4 billion, while DSV’s adjusted free cash flow has more than double compared to 2021.

DSV said its performance was affected at the end of 2022 by the...

https://container-news.com/dsv-boosts-revenues-and-profits-in-2022/

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