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.