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 entity formerly known as Caterpillar Logistics, which was owned by the vast US heavy equipment manufacturer until it sold a 65% stake to Platinum Private Equity two years ago and was renamed as Neovia Logistics, appears to have undergone another ownership change after the Reuters reported that private equity fund has sold its stake to Goldman Sachs’ private equity fund in cooperation with buyout specialist Rhone Group for $1bn. Interestingly, XPO Logistics was also reported to be bidding for the acquisition, but exited negotiations earlier.
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DSV could face $16m bill after helicopter is written off in haulage accident
Déjà vu as major ocean carriers scramble for tonnage and containers
Rising costs of port congestion force surcharge by Asian feeder operators
Trade growth getting stronger, but ocean freight rates stay flattish
Global airfreight volumes blooming as flower shipments take off
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