This is how DSV's CEO will make UTi profitable

The performance of DSV's new billion dollar acquisition, UTi Worldwide, has been ailing throughout the year, but economies of scale will bring the US-based logistics group back on track, says DSV CEO Jens Bjørn Andersen.

BY JOHANNES HARTKOPF-MIKKELSEN

Big is beautiful and scale is important, says DSV CEO Jens Bjørn Andersen following the announcement that DSV will acquire the major US-based logistics group UTi Worldwide for USD 1.35 billion.

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This is how DSV's CEO will make UTi profitable

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DSV acquires UTi Worldwide for USD 1.35 billion

DSV targeting major customers in the US

DSV's former US acquisition candidate still losing money

Sign up for our newsletter

Front page now

Maritime & Merchant notes fierce competition in loans for shipping

Packed container ships trigger surge in air freight demand

14 arrested at demonstration in front of Maersk headquarters

Norwegian car carriers bag multi-year contracts

IMO's fossil fuel ban in the Arctic faces criticism

Record influx of container ships this year will not cause trouble until 2025

Cosco and CMA CGM expect further pressure on major European ports

Kuehne+Nagel triggers unrest among staff with new management structure

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Less than one percent of the container fleet is currently idle

Congestion in Asian ports is now as bad as during Covid

Analysis: Capesizes have become too expensive despite strong market

Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

Cosco and CMA CGM expect further pressure on major European ports

Congestion in Asian ports is now as bad as during Covid

Less than one percent of the container fleet is currently idle

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Analysis: Capesizes have become too expensive despite strong market

Jobs