DSV truck

DSV operates air, land, and sea logistics services. Begun by the merger of 10 independent Danish haulers, DSV has remained true to its Nordic heritage, maintaining a headquarters in Copenhagen, Denmark, while Nordic nations account for 28 percent of their revenue, though DSV’s 22,000 employees can be found in 75 countries.

DSV had revenue of $8.1 billion, coming in at No. 6 on JOC’s Top 40 Global 3PLs list through acquisitions of other logistics firms. In 2013 alone, DSV acquired four different firms, in North America, South America and Europe.

These acquisitions provided growth of 1.9 percent for DSV, helping to offset a 0.7 percent drop in organic growth. DSV’s gross profit declined from 2012’s $1.87 billion to 2013’s $1.86 billion, a decrease of only 0.5 percent despite losses tied to exchange rate fluctuation.

The acquisition of UTi Worlwide made DSV the world’s fourth-largest freight forwarder and the benefits of the deal are being felt sooner than anticipated.
05 Aug 2016
DSV’s second-quarter profit rose as it “neutralized” the operating deficit of recently acquired UTi Worldwide.
DSV UTI Worldwide
13 May 2016
DSV, the Danish trucking and logistics group, posted a slightly higher first-quarter operating profit despite losses incurred by UTi Worldwide.
31 Mar 2016
The top Europe-based global freight forwarders were able to maintain or improve their earnings despite volatile freight rates and stagnating cargo volumes in 2015.
01 Dec 2015
As it gets closer to a $1.35 billion acquisition by DSV, logistics company UTi Worldwide opens new multimodal facilities in Southeast Asia to speed freight to Europe and the U.S.
28 Oct 2015
DSV, the Danish transport and logistics company acquiring U.S.-based rival UTi Worldwide, raised its 2015 earnings outlook after posting strong third-quarter results.
09 Oct 2015
Danish logistics company DSV will acquire loss-making UTi Worldwide for $1.35 billion in a surprise announcement that represents a 50 percent premium on UTi’s closing price yesterday.
04 Aug 2015
Danish trucker and freight forwarder DSV posted a better-than-expected increase in second-quarter earnings, driven by sharply higher air and ocean container profits, leading it to upgrade its full-year earnings forecast.
19 Feb 2015
DSV is working to attract European importers with its new warehouse in Edison, New Jersey, the global third-party logistics provider’s second in the U.S.
09 Feb 2015
DSV is back on the takeover trail two months after abandoning talks over a potential acquisition of U.S. logistics company UTi Worldwide.
09 Dec 2014
Despite the resignation of CEO Eric W. Kirchner and a $34 million loss in its latest quarter, UTi Worldwide has passed a turning point, new CEO Edward G. Feitzinger said Dec. 9.
04 Dec 2014
Global third-party logistics providers DSV A/S and UTi Worldwide said they are no longer discussing a merger or acquisition.
18 Nov 2014
Two global logistics companies will set up shop in the Goodman Group’s newly-constructed Xiqing Logistics Park in Tianjin, reflecting the demand for modern warehousing to serve booming Chinese e-commerce business.