T’way targets more cargo business ahead of KAL-Asiana mega-LCC take-off
South Korea’s T’way Air is targeting more air freight business as the first low-cost carrier ...
© Adonis1969
By Alex Lennane
Echo Global Logistics has been acquired by private equity firm The Jordan Company for an equity value of about $1.3bn. The move will see Echo, listed on Nasdaq, become private again. The transaction, expected to close in the fourth quarter, was unanimously approved by Echo’s board.
The Jordan Company also owns AIT, Capstone, Odyssey and Transimpact in the transport and logistics field and also has investments in consumer & healthcare and industrial companies.
You can read Echo’s press release here, or go over to Loadstar Premium for more details on the deal.
Comment on this article