Takeover of Croatian haulier gives Taewoong entry to European trucking market
South Korean 3PL Taewoong Logistics plans to enter Europe’s haulage market with the acquisition of ...
GM: GAUGING RISKGXO: NEW BOT PARTNERWMT: CAPEX IN CHECKWMT: CFO ON AUTOMATION WMT: SPOTLIGHT ON AUTOMATIONHD: PRESSURE BUILDSFWRD: REVISED EBITDA MAERSK: TESTING ONE-MONTH HIGHFDX: UP UP AND AWAYRXO: COYOTE DEAL TAILWINDDSV: NEW REFI DEALR: WEAKENING AMZN: LIFESTYLE BATTLEKNIN: EXPANDED NETWORK OF CROSS-DECK FACILITIES
GM: GAUGING RISKGXO: NEW BOT PARTNERWMT: CAPEX IN CHECKWMT: CFO ON AUTOMATION WMT: SPOTLIGHT ON AUTOMATIONHD: PRESSURE BUILDSFWRD: REVISED EBITDA MAERSK: TESTING ONE-MONTH HIGHFDX: UP UP AND AWAYRXO: COYOTE DEAL TAILWINDDSV: NEW REFI DEALR: WEAKENING AMZN: LIFESTYLE BATTLEKNIN: EXPANDED NETWORK OF CROSS-DECK FACILITIES
GlobalTranz and Worldwide Express are to merge in the third quarter of this year. The transaction is led by a consortium of private equity partners, led by CVC Capital and GlobalTranz’s lead investors, Providence Equity Partners and PSG. Worldwide Express investor Ridgemont Equity Partners, as well as both forwarders’ managements, will retain “a significant stake”. Chief executive of Worldwide Express Tom Madine will lead the merged company. The operators said they had “complementary strengths”, giving them market-leading products in LTL, FTL and managed transport.
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