Viking Ironclad Age

Against the odds: DSV Panalpina – existential questioning. No big deal?

There is no simplified managerial structure worldwide that works as flawlessly as DSV Panalpina’s (DSV PAN) does in asset-light logistics…

… with a board of directors where expertise and diversity truly stand out.
Then look further down the reporting chain at the organisational chart (the “group executive committee” is here) that we disclosed when the takeover of Panalpina was done – bearing mind that more fat has been cut since the summer of 2019 …

The post Against the odds: DSV Panalpina –...

https://theloadstar.com/against-the-odds-dsv-panalpina-existential-questioning-no-big-deal/

M&A radar: Catching DSV + CH Robinson – but me no buts!

“Hello my friend. How are you?”
With a bit of noise already in the background, it all started officially here a fortnight ago when a senior freight forwarder sorely challenged the seemingly unchallengeable M&A outlook in logistics.
Which, once more, doesn’t look too rosy for anybody targeting transformational deals, say $5bn-plus in enterprise value (EV), given a real paucity of viable candidates.
But dirty top dollar, naturally, can do wonders in M&A.
No longer …

The post M&A radar: Catching...

https://theloadstar.com/ma-radar-catching-dsv-ch-robinson-but-me-no-buts/

Against the odds: DSV hits another record. Every cent counts…

At the risk of sounding like a broken record, maybe you missed it, but the unbeatable DSV Panalpina (DSV PAN) broke through the ceiling of Dkr1,100 on the stock market today…
… setting an(other) all-time record of Dkr1,119.5 ($179.1) in early trade on Thursday.
Olé
There are a few others overshooting in, or ancillary to, logistics – WiseTech currently over A$30 is a case in point.
But the Danish tale is really the most …

The post Against the odds: DSV hits another record. Every cent counts…...

https://theloadstar.com/against-the-odds-dsv-hits-another-record-every-cent-counts/

Conf call redux: DSV’s ‘day of joy and happiness’

Another day, another round of belting Q3 results in logistics, this time from Denmark’s DSV about a week ago. 
Like many of their peers, the Danes are riding the pandemic wave… just don’t mention Panalpina, or even organic growth. At least, not yet. Well, maybe. 
Either way. Management were in fine fettle during Q3’s analyst conference call, touching on a wide range of topics, from second waves, to Brexit.
As usual, we’ve creatively …

The post Conf call redux: DSV’s ‘day of joy and happiness’...

https://theloadstar.com/conf-call-redux-dsvs-day-of-joy-and-happiness/

On the wires: DSV focusing on organic growth? Shurely shome mishtake!

“In the third quarter of 2020, all three divisions delivered results above our expectations. Market conditions have been better than anticipated across most of our markets, and at the same time we benefit from efficient cost management. We are happy to announce that all material aspects of the Panalpina integration have now been successfully completed and we can now intensify the focus on organic growth.”
– DSV Panalpina (DSV PAN) …

The post On the wires: DSV focusing on organic growth? Shurely...

https://theloadstar.com/on-the-wires-dsv-focusing-on-organic-growth-shurely-shome-mishtake/

M&A radar: Prime who? DSV Panalpina warms up for the main course

We all read the full release here before the stock markets opened on Wednesday: DSV Panalpina (DSV PAN) has acquired Denmark’s Prime Cargo from the Mitsui-Soko Group in Japan.
Firstly, the financials were undisclosed. Secondly, as broadly expected, its stock was unchanged in early trade, then falling almost 1% ever closer to Dkr1,000 before bouncing back closer to its previous close, while most markets, including US futures, are deeply in the red today as …

The post M&A radar: Prime who? DSV...

https://theloadstar.com/ma-radar-prime-who-dsv-panalpina-warms-up-for-the-main-course/

Monday rant: Why DSV & DP DHL, ‘unexpectedly’ and shamelessly, raise the bar high

Picking the right fights is a hard thing to do, but some are so obvious that even my nine-year-old boy, Matteo, would know where to look.
Hence briefly today, let’s touch upon one the most disturbing aspects of logistics wonderland. That is, if you do well, reeeaaally well, mainly thanks to a planet on the brink of a healthcare disaster in so many spots – you must tell everybody everything about …

The post Monday rant: Why DSV & DP DHL, ‘unexpectedly’ and shamelessly, raise the bar high appeared...

https://theloadstar.com/monday-rant-why-dsv-dp-dhl-unexpectedly-and-shamelessly-raise-the-bar-high/

Against the odds: DSV + Mærsk – crafting a Danish powerhouse

It all started quietly last month soon after Germany’s DB Schenker targeted the clients of Damco, the neglected freight forwarder owned by Denmark’s AP Møller-Mærsk (APMM).
(The latest related background is exhilarating, but that’s for another time. Read on.)
Spin 
No matter what the spin for “read-across” purposes, the entertaining idea immediately thrown at me was that, to paraphrase consensus, in Hedehusene, DSV Panalpina (DSV PAN) wasn’t particularly pleased with the way things were going …

T...

https://theloadstar.com/against-the-odds-dsv-maersk-crafting-a-danish-powerhouse/

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