The Management Board of Deutsche Bahn AG signed an agreement on 13 September 2024 for the sale of its logistics subsidiary DB Schenker to the Danish transport and logistics group DSV for an enterprise value (EV) of EUR 14.3 billion. Including expected interest income until completion, the total sales value amounts to EUR 14.8 billion. As the new owner, DSV plans to invest around one billion euros in Germany over the next three to five years. The aim is to create a global market leader in the … [Read more...] about Deutsche Bahn signs agreement to sell logistics subsidiary DB Schenker to DSV
DSV
Qatar Airways, DSV open new cargo route from HSV
Qatar Airways Cargo and DSV Global Transportation and Logistics have teamed up to launch a new route from Huntsville airport (HSV) in the US with two freighter services each week. The carrier will operate its Boeing 777 freighters twice a week from Felipe Ángeles International Airport in Mexico to Huntsville en route to Doha via Luxembourg. The freighters from HSV will operate on Thursdays and Sundays every week, offering 200 tonnes of capacity. Mads Ravn, executive vice president at DSV, … [Read more...] about Qatar Airways, DSV open new cargo route from HSV
DSV to power Swedish operations with solar energy
DSV has unveiled a new initiative that will play a significant role in helping reduce the company’s carbon footprint and support its long-term sustainability targets. The company has laid out infrastructure plans as part of DSV Energy, which will specialise in energy production, consumption and trading. It said it wants to transition into becoming an "active energy producer." DSV is constructing two new warehouses totalling 175,000 square metres in Landskrona, Sweden, that will be powered … [Read more...] about DSV to power Swedish operations with solar energy
DSV locks in on semiconductor sector
DSV is set to boost its contract logistics and air cargo offering for the semiconductor industry as it reached agreements to acquire US-based S&M Moving Systems West and Global Diversity Logistics on 21 March. Headquartered in Phoenix and Chandler in Arizona, S&M Moving Systems West and Global Diversity Logistics are both run by the same family with a total of 130 employees across 11 sites in Oregon and Arizona. The companies provide services within domestic road freight, … [Read more...] about DSV locks in on semiconductor sector
DSV’s new facility makes room for e-commerce, healthcare
DSV has opened a new ‘giant’ facility near Copenhagen which some would describe as one of the most ambitious warehousing and logistics projects seen on Danish soil. The 95,000-sqm facility, which shares warehouse space and office premises, is located in Hedehusene along with the company’s headquarters and other buildings in the area. Inside the 95,000-sqm warehouse, the forwarder has installed its largest automated storage and picking solution (AutoStore), which uses robotics to … [Read more...] about DSV’s new facility makes room for e-commerce, healthcare
DSV rolls out new customs classification service
DSV has launched a new service called DSV Customs Classification as it aims to perform the arduous process on behalf of shippers to ensure regulatory compliance and ease the administrative hassle. The company said the new service will address the time-consuming process of overseeing all the requirements needed to comply with local customs regulations in different countries. “To be able to export a simple screw to one country, you need to sometimes determine many specific details in a … [Read more...] about DSV rolls out new customs classification service
