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, ...
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Assuming its proposed takeover of Agility GIL is completed, DSV Panalpina will become the world’s largest freight forwarder in terms of air and ocean revenues, according to new analysis from Transport Intelligence (Ti).
Ti’s recently published Global Freight Forwarding Market 2021 ranks Kuehne + Nagel (KN) as the current market leader, with combined revenues of €11.5bn, followed by DHL Global Forwarding, with €10.9bn.
DSV Panalpina is ranked third, with a revenue of €9.9bn, and Agility 12th, with €2.8bn.
The report says: “With the ...
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Marton Gulyas
June 27, 2021 at 8:19 pmmarket share of merger 1 + market share of merger 2 never adds up in full – it never ever happened (pls do correct me if I’m wrong)