Logistics giant DSV is laying off nearly 400 employees in the United States after losing a client contract, ShippingWatch reports.
The lease for the warehouse facility in Wilmer, Texas, has been terminated. The company stated it is attempting to reassign as many staff members as possible to the incoming tenant or to other operations within the region.
DSV A/S specializes in transportation services. Net sales break down by activity as follows:
- organization and management of air and sea transportation (53.8%);
- road transportation (29.1%);
- logistics services (17%): storage, packaging, loading dock transfer (reshipment of merchandise without storage), and distribution services intended primarily for industrial customers;
- other (0.1%).
Net sales are distributed geographically as follows: Denmark (4.5%), the United States (16.5%), Germany (12.1%), Sweden (4.6%), the Netherlands (4.2%), and other (58.1%).
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