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DSV: "There aren't many options for green transport at sea"

Like its competitor Kuehne + Nagel, DSV sees a growing number of customers demanding greener transport solutions – but the increase as well as possibilities are limited. "We offer customers the possibilities that are in the market," says CFO Jens Lund.

Panalpina employees in Italy strike over layoffs

DSV plans to close Panalpina's Italian division and layoff 136 people. In protest, the Italian employees strike all day today, Friday. This comes only a few days after DSV announced layoffs at Panalpina's old headquarters in Switzerland.

DSV slashes 90 jobs at Panalpina's Swiss headquarters

Logistics company DSV starts executing on the majority of the heralded layoffs at Panalpina's headquarters in Switzerland, the company informs ShippingWatch. This happens despite management and employees disagreeing on the terms of the dismissals.

DSV expects operating profit of nearly USD 1 billion for 2019

DSV expects its operating profit for the entire year 2019 to come to USD 986 million after its acquisition of Swiss Panalpina earlier this year. The logistics group also slightly raises its expectation for synergistic effects, according to its interim report.

Analysts say DSV could redivest one part of Panalpina

DSV's acquisition Panalpina transports a lot of perishable goods, and this business could be harder to make money from than regular container freight. Could DSV opt to divest the business again? Three analysts give their assessments prior to DSV's interim report on Friday.

DSV nominates former Panalpina vice chair as board member

The former vice chairman of Panalpina, who also chairs major shareholder Ernst Göhner Foundation, is now nominated to DSV's board of directors by request of the foundation. He has previously been criticized for his double role in the sale of Panalpina.

Panalpina confirms departure of executives

Executive VP for Ocean Freight Peder Winther and CIO Ralf Morawietz leave Panalpina following the merger with DSV. Their departure is part of the move to eliminate five executive positions, though three will continue at the new company.

DSV warns of layoffs after Panalpina takeover

Like the acquisition of US-based UTi, the integration of Panalpina is expected to entail layoffs, CFO Jens Lund tells ShippingWatch. DSV's management can look forward to some years of work incorporating its Swiss billion-dollar acquisition.

DSV wants to close Panalpina deal no later than Aug. 19

Transport group DSV has received the final approval the company needs from authorities to finalize its acquisition of logistics company Panalpina. As such, DSV now expects to close the deal no later than Aug. 19, after which integration may commence.

DSV extends acquisition deadline

DSV extends its offer to Panalpina stakeholders to Aug. 7. The company has received green light from most of them but is attempting to get the rest on board by extending the deadline.

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