DSV narrows earnings guidance, launches €5bn equity funding backing Schenker purchase
DSV updates the market saying that based on the preliminary earnings estimates for the first ...
Speculation is rife among investors, bankers and trade sources that DSV’s offer will be rejected by the board of Panalpina as soon as this week, before the Danish company finally ups its bid to buy out its smaller Swiss 3PL rival.
A takeover of Panalpina – currently worth ~ Sfr4.2bn – would help the Danish suitor secure a fully priced tie-up that could be truly compelling, on so many fronts (size, synergies, procurement), but we are not there yet. It must receive the blessing ...
Atlantic and Gulf coast US ports close as ILA rejects last-minute offer
Box lines declare force majeure as White House defends ILA
Talks rumoured to be underway after USMX urged ILA back to the table
ILA blames 'profiteering' foreign-shipping lines for US port strike
Strike disruption begins: 'a frenzy' to come with extra demand for airfreight
Shippers scrambling for alternatives as box lines divert from closed ports
Airlines scramble to avoid Middle East airspace as missiles fly
Port strike will see 60 more ships at anchor this week and rates rising
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