DSV completes DB Schenker buy as it notes strong Q1 performance by Air & Sea
Danish 3PL DSV formally completed its €14.3bn ($16.3bn) acquisition of German peer DB Schenker today, ...
It was a pretty cool headline released yesterday by one of the most oft-rumoured takeover target in logistics: “Hellmann achieves annual revenue of over €4 billion for the first time“.
Curiously, for the romance, its most successful financial period “in its 150-year history” comes one year ahead of the 150th anniversary of its much bigger domestic rival, DB Schenker – the two German 3PLs being historically united by the possibility of being targeted by the usual suspect, Denmark’s DSV.
While “capacity bottlenecks, rising freight ...
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