DSV posts strong Q1 as airfreight grows strongly

Danish freight forwarder DSV says it has posted a “very strong set of Q1 numbers” which brings it closer to its goal of reaching pre-UTi acquisition performance levels and margins. The company released its interim report for the first quarter (Q1) of 2017, its first full Q1 since it acquired US freight forwarder UTi Worldwide […]

UTi acquisition boosts DSV’s volumes in 2016

Danish freight forwarder DSV handled 574,644 tonnes of airfreight in 2016 – which represented a growth of 85 per cent on 2015 when it processed 311,193 tonnes. The company puts this down to the $1.35 billion acquisition of US freight forwarder UTi Worldwide, as it now has a strong presence in the US, but UTi also has also contributed […]

DSV posts better than expected performance in Q1

Danish freight forwarder DSV has seen airfreight volumes rise in the first quarter (Q1) of 2016, which contributed to overall higher revenues – in its first quarterly report since buying UTi Worldwide for $1.35 billion on 22 January 2016. The world’s fourth largest forwarder says its Air & Sea Division delivered the best performance for the first quarter (Q1) […]

UTi shareholders vote for takeover by DSV

UTi Worldwide shareholders yesterday voted to adopt the $1.35 billion takeover by Danish logistics company DSV. The firm says it held a special shareholders meeting and subsequent special class meeting held earlier. In a statement UTi says it had voted “overwhelmingly voted to adopt the previously announced merger agreement providing for the acquisition of UTi […]