February 11, 2020: Effective February 3, 2020, DSV has opened a new head office in Milton, Ontario.
DSV Canada’s new head office location in Milton, a suburb of Canada’s largest city Toronto, is a state-of-the-art logistics facility ideally positioned to serve the Canadian business-to-business (B2B) and business-to-consumer (B2C) markets. This new 1.1 million square feet facility is the largest multi-customer logistics facility in Canada.
The facility is located only a few kilometres from Canada’s busiest highway 401 and just 30 kilometres from Pearson International Airport.
Meanwhile, in Q4 2019, DSV Panalpina’s revenue amounted to DKK 30,122 million (Q4 2018: DKK 20,945 million). Panalpina's estimated contribution for the quarter was DKK 9,353 million. The organic growth rate was negative by 1.1 percent. Gross profit came to DKK 7,084 million (Q4 2018: DKK 4,447 million). Panalpina's estimated contribution for the quarter was DKK 1,841 million. The organic growth in gross profit came to 4.4 percent for the Group and was mainly driven by the air & sea and solutions divisions.