Purchase of Panama railway 'a significant opportunity' for ambitious APMT
Maersk’s port arm, APM Terminals, has bought the Panama Canal Railway Company (PCRC), which runs ...
France’s biggest supply chain and logistics group Geodis has announced that it has received regulatory approval for its acquisition of Nashville, Tennesse-headquartered forwarder OHL (Ozburn-Hessey Logistics) from its private equity owners.
The deal announced in August for an undisclosed sum – rumoured to in the region of $800m – is set to boost state-owned Geodis’s annual turnover by around €1.2bn to over €8bn, while its 8,000 staff will give the merged group a combined workforce of 38,000 around the world.
“The acquisition ...
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