Third-party logistics - leading providers worldwide 2020

In 2020, DSV Panalpina generated over 18.2 billion U.S. dollars in gross revenue. DSV was founded in Denmark in 1976 and is one of the world's leading third-party logistics providers.

DSV - additional information

The Danish company reported increasing revenue from 2010 to 2020, reaching 115.9 billion Danish kroner (or roughly 19 billion U.S. dollars) worldwide. From 2015 to 2020, United States, Denmark, and Germany were the most profitable countries for DSV, generating over a third of its revenue in those markets. During this period, DSV expanded its air and sea freight operations progressively, reaching 73.7 billion Danish kroner (or roughly 12.1 billion U.S. dollars). DSV’s air freight traffic more than tripled during this period.

The acquisition of Panalpina

In 2019, DSV acquired and merged with Panalpina World Transport to sustain its global market power expansion, and renamed the company “DSV Panalpina A/S”. From 2007 to 2018, the Swiss company Panalpina generated fluctuating net revenue, with some six billion Swiss francs reported in 2018. In that same year, the company made most of its revenue from air and ocean freight segments, with 3.2 billion and 2.2 billion Swiss francs respectively. Between 2016 and 2018, Europe was the largest net forwarding market for Panalpina.