Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  NASDAQ OMX COPENHAGEN  >  DSV Panalpina A/S    DSV   DK0060079531

DSV PANALPINA A/S

(DSV)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

DSV plans Shanghai-Alabama cargo flights to ease capacity constraints amid coronavirus

share with twitter share with LinkedIn share with facebook
share via e-mail
02/21/2020 | 01:10pm EDT
FILE PHOTO: People wearing protective masks are pictured at The Bund in front of the Lujiazui financial district of Pudong in Shanghai, China

Freight-forwarder DSV Panalpina said on Friday it would start direct cargo flights between Shanghai and Huntsville, Alabama from next week to cope with capacity constraints caused by the coronavirus outbreak in China.

The global freight industry has been hard-hit by uncertain demand and crews' health concerns following the outbreak of the deadly virus in China, leading airlines and freight firms to scale back services, causing delivery delays and mounting backlogs.

Starting on Feb. 25, DSV plans to operate flights between Shanghai and Huntsville thrice weekly using the firm's Boeing 747-8 freighter plane, it said in a statement.

"Due to the risk of spreading of the coronavirus (COVID-19), multiple airlines have either suspended or reduced the number of flights to and from mainland China," it said.

Crew on DSV's plane would rest in South Korea before flying to Shanghai and would virtually not disembark the plane while in Shanghai before returning to the United States with cargo.

"By doing it this way we can safely have this setup," Flemming Nielsen, executive vice president, told Reuters.

Last week DSV said the coronavirus was squeezing air and sea freight capacity, but that it was still possible to ship goods on airplanes to countries neighbouring China and fly them out from there.

DSV said it estimates capacity has shrunk by 5,000 tons a day due to the suspension of flights to China.

(Reporting by Nikolaj Skydsgaard; Editing by Susan Fenton)

Stocks mentioned in the article
ChangeLast1st jan.
BOEING COMPANY (THE) 1.01% 124.52 Delayed Quote.-62.16%
DSV PANALPINA A/S -1.23% 593.6 Delayed Quote.-21.72%
PANALPINA WELTTRANSPORT (HOLDING) AG 0.00%End-of-day quote.-1.52%
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on DSV PANALPINA A/S
03/23DSV PANALPINA A/S : 827 - share buyback in panalpina a/s
AQ
03/17FedEx suspends 2020 profit outlook; coronavirus and turnaround pressure weigh
RE
03/17DSV PANALPINA A/S : Ex-dividend day for final dividend
FA
03/16DSV PANALPINA A/S : 826 - Annual general meeting of Panalpina A/S 16 March 2020
AQ
03/16DSV PANALPINA A/S : 825 - Outlook for 2020 withdrawn and share buy-back suspende..
AQ
03/16DSV PANALPINA A/S : 824 - share buyback in panalpina a/s
AQ
03/09DSV PANALPINA A/S : 823 - share buyback in panalpina a/s
AQ
03/02DSV PANALPINA A/S : 822 - share buyback in panalpina a/s
AQ
02/24DSV PANALPINA A/S : 821 - share buyback in panalpina a/s
AQ
02/21DSV plans Shanghai-Alabama cargo flights to ease capacity constraints amid co..
RE
More news
Financials (DKK)
Sales 2019 96 360 M
EBIT 2019 6 528 M
Net income 2019 4 092 M
Debt 2019 17 949 M
Yield 2019 0,50%
P/E ratio 2019 29,8x
P/E ratio 2020 31,5x
EV / Sales2019 1,59x
EV / Sales2020 1,31x
Capitalization 135 B
Chart DSV PANALPINA A/S
Duration : Period :
DSV Panalpina A/S Technical Analysis Chart | DSV | DK0060079531 | MarketScreener
Technical analysis trends DSV PANALPINA A/S
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 19
Average target price 760,96  DKK
Last Close Price 601,00  DKK
Spread / Highest target 66,4%
Spread / Average Target 26,6%
Spread / Lowest Target -8,49%
EPS Revisions
Managers
NameTitle
Jens Bjørn Andersen Chief Executive Officer
Thomas Stig Plenborg Chairman
Jens Hesselberg Lund Chief Financial Officer
Jesper Riis Chief Information Officer
Annette Krumhardt Sadolin Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
DSV PANALPINA A/S-21.72%20 480
LI & FUNG LIMITED2.00%1 124
ID LOGISTICS GROUP-23.50%886
CRYOPORT, INC.-4.56%643
WINCANTON PLC-21.90%388
CLIPPER LOGISTICS PLC-43.01%190