Talk of Schenker, Flexport et al – and a meagre lunch for forwarders
To freight forwarding 101
Ah, the good old days: I soberly remember when Bear Stearns, the third-largest US broker at the time, went belly up in the spring of 2008.
Formally bailed out by JP Morgan for peanuts (revised up after its first, outrageous approach), the market talk doing the rounds in the Canary Wharf and City pubs after the dust had settled was too good not to be believed, in those days.
The legend had it that the Bear salesmen, sales traders and traders who dealt ...
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