Saturday, July 20, 2024
DSV sets up new division in North America

DSV sets up new division in North America

DSV has established a new ‘solutions’ division in North America – as it continues to grow its activities in the region following the acquisition of UTi – in which it gained substantial contract logistics business.

Previously, DSV only had a few contract logistics sites and activities in North America, but these have now been merged with the former UTi sites/activities on the continent.

Together, they have been successfully rebranded DSV as of 1 October 2016 and a new DSV Solutions organization headed by president, Michael Marlow has emerged.

Danish logistics firm DSV took over the US-based UTi Worldwide for $1.35 billion earlier this year. It achieved gross profit of 7,821 million Danish Kroner ($1.1 billion) for the first six months of 2016, up on the 5,569 million Danish Kroner in the same period last year.

Marlow says: “We are extremely excited for the future of what a combined, stronger organization offers for our internal and external partners. The bringing together of two industry leaders will translate to a world of opportunity that will enhance service offerings, coverage, synergies and economies of scale globally.

“As each day passes, we are truly building a stronger team that will continue to deliver the best results for our clients and shareholders”.

DSV now has a wider footprint in the US (19 states), Canada (one province) and Mexico (8 states) with facilities spanning more than 16 million square feet.

 

Picture of James Graham

James Graham

James Graham is an award-winning transport media journalist with a long background in the commercial freight sector, including commercial aviation and the aviation supply chain. He was the initial Air Cargo Week journalist and retuned later for a stint as editor. He continues his association as editor of the monthly supplements. He has reported for the newspaper from global locations as well as the UK.

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