All DSV articles
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News
US temporarily reinstates de minimis exemption for Chinese shipments
The US has temporarily reversed its decision to block the de minimis exemption allowing low-value packages to be imported duty-free
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DSV: Little change to US e-commerce despite de minimis development
DSV is not expecting the US decision to stop the de minimis exemption for Chinese shipments to result in major changes to the e-commerce market
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DSV predicts volatility after air improvements in 2024
DSV saw its airfreight volumes and revenues improve in 2024 and is preparing for a volatile market and the completion of its Schenker takeover in 2025
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DSV raises €5bn to part fund Schenker acquisition
DSV has raised €5bn through a share sale to help fund its €14.3bn purchase of DB Schenker.The "oversubscribed" offering was made to institutional investors in Denmark and internationally at market price and without pre-emption rights to DSV’s existing shareholders."The proceeds from the offering will be used to partly finance the ...
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Deutsche Bahn approves sale of DB Schenker to DSV
Deutsche Bahn has approved the sale of its freight forwarding business DB Schenker to transport and logistics group and fellow forwarder DSV. Denmark-based DSV confirmed last month that it had agreed to buy Germany headquartered DB Schenker from state-owned railway firm Deutsch Bahn for €14.3bn, but the deal still needed ...
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Union to vote against DSV's proposed take over of DB Schenker
Railway and transport union EVG is reportedly planning to vote against the sale of forwarder DB Schenker to DSV later this week.On Wednesday, the supervisory board of Schenker parent Deutsche Bahn is due to meet to vote on DSV's proposed €14.3bn deal to acquire the forwarder.However, publication Frankfurter Allgemeine Zeitung ...
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CVC offers to increase bid for DB Schenker
The private equity consortium led by CVC has reportedly launched a last-ditch effort to beat DSV in the race to buy DB Schenker despite the Danish forwarder having signed a €14.3bn take over deal last week.News agencies Reuters and Bloomberg are both reporting that CVC has written to Schenker parent ...
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S&P revises DSV's A- rating outlook to negative following Schenker deal
Credit ratings agency S&P has re-affirmed the forwarder's current credit rating of A- but revised its outlook to negative due to the risks associated with its planned €14.3bn take over of German logistics giant DB Schenker.S&P said that its decision to revise the firm's outlook from stable to negative reflects ...
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DSV signs deal to takeover DB Schenker and create world's largest forwarder
DSV has confirmed reports that it has signed a deal to take over German logistics giant DB Schenker in a move that will create the world's largest freight forwarder.In an update issued this morning, the Danish forwarder said it had agreed to buy DB Schenker from state-owned railway firm Deutsch ...
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Reports: DSV set to win the race to buy DB Schenker
DSV has reportedly won the race to purchase DB Schenker in a $14bn deal that would create the world's largest freight forwarder.Newswire Reuters said that the Danish forwarder had beaten off competition from a CVC-led private equity consortium to buy Schenker, with the deal to be signed off in the ...
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E-commerce fuelled capacity crunch to continue
Air cargo looks set to continue its precedent-setting volume growth driven by booming e-commerce and have a long-term bright future despite a looming capacity crunch, a keynote speaker at the EU Cross-Border E-commerce Forum, held in Liege, Belgium on September 10, said.“We had eight straight months of double-digit growth,” Ryan ...
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Reports: DSV outlines job and investment plans if it lands DB Schenker
DSV has reportedly outlined how it would protect jobs and invest in DB Schenker following a leading German union expressing concern over job losses if the Danish forwarder is successful in its takeover bid.Last week German trade union Ver.di is said to have written to the Deutsche Bahn board suggesting ...
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Reports: DSV and CVC bid €14bn for DB Schenker
DSV and a private equity consortium led by CVC have reportedly individually put in binding bids of around €14bn for DB Schenker.This is according to people familiar with the matter, Bloomberg has reported as the race to buy Deutsche Bahn’s freight forwarding subsidiary has narrowed to just the two bidders ...
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DSV’s Beauchamp becomes vice chair at BIFA customs policy group
Nick Beauchamp. Photo: DSVDSV's director of global customs Nick Beauchamp has been elected as the new vice chair for the customs policy group at the British International Freight Association (BIFA).Beauchamp has been a member of BIFA's key policy group since 2019, providing an active role in significant discussions and connecting ...
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DSV and Dimerco warn of tight peak out of Asia despite freighter moves
DSV and Dimerco are warning of tight capacity out of Asia for the peak season despite carriers re-allocating capacity from trades with overcapacity.In a market update, Taiwan-headquartered forwarder Dimerco said it was important for customers looking to ship from China to the US and Europe to plan for the fourth ...
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APAC demand lifts DSV airfreight volumes
Increased demand for airfreight out of Asia Pacific (APAC) helped DSV up its air cargo volumes in the second quarter of this year.DSV's airfreight volumes increased 10% year on year in the second quarter to 349,076 tonnes compared to 316,456 in the same period last year."The increase was mainly driven ...
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Top 25 air forwarders: K+N keeps the lead in a tough year for airfreight
Kuehne+Nagel (K+N) maintained its position as the world’s leading airfreight forwarder in 2023 ahead of DHL Global Forwarding despite overall market volumes coming under pressure (full chart at end of article).Figures produced by consultant Armstrong and Associates show that top air forwarder K+N last year saw its cargo volumes decline ...
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Krikken to head up airfreight at DSV as Ravn moves up
Freight forwarding giant DSV has appointed Stefan Krikken as its new head of airfreight.In his new role, he will have global responsibility for the airfreight product including procurement.Krikken joined DSV in 2019 following the company's takeover of Panalpina. Most recently he occupied the role of airfreight procurement head for North ...
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Warnings of potential east coast US container port strikes
shutterstock_590908535-3 Photo: Travel mania/ Shutterstock Talks between US ports and port worker representatives over a new labour contract have broken down this week raising the possibility of strike action at east and Gulf coast terminals. Dockworker union the International Longshoremen’s Association (ILA) said it had halted talks ...
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Deutsche Bahn selects the final four DB Schenker bidders
Deutsche Bahn has narrowed the number of potential buyers of freight forwarding subsidiary DB Schenker down to four bidders that have now been invited to make binding offers.According to Reuters, the German rail giant has selected Maersk, DSV, Saudi shipping company Bahri and a private equity consortium led by CVC.Deutsche ...