Schenker, what Schenker? DSV boss talks up options – yes, Sir!
New corporate structure also serves ‘potential M&A that may come up’. May? Potential?
The big news in the UK freight industry this morning is that Stobart Group is selling a £280m, 51% majority stake in its core trucking and logistics arm to a fund management company noted for its 2008 purchase and subsequent sale of TDG to Norbert Dentressangle. The most interesting question is now what strategy new owner DouglasBay Capital, which currently earns the majority of its revenues from its property bank, will have for the revamped Eddie Stobart Logistics brand, as the new company is to be known.
DSV chief reticent on Schenker: the focus on growing market share
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Liners add capacity to Asia-ECSA as ocean rates hit 18-month high
FAK rate hikes holding, with strong demand into peak season predicted
Schenker, what Schenker? DSV boss talks up options – yes, Sir!
Trade growth getting stronger, but ocean freight rates stay flattish
Rising costs of port congestion force surcharge by Asian feeder operators
Déjà vu as major ocean carriers scramble for tonnage and containers
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