BBG: German union prefers CVC as Schenker buyer to save jobs
BLOOMBERG reports: Verdi, Germany’s most powerful labor union, is making the unusual move of backing a private ...
Oh, dear. Are freight forwarders taking a page out of the shippers’ playbook in cross-boarder M&A?
That’s a legitimate question now that many of my sources think patience has become the most precious commodity when it comes to determining the outcome/timing of the takeover of Panalpina (PAN) by DSV.
Background
It terms of M&A strategy, the Kraft+Cadbury deal a decade ago was by far one of the most entertaining I’ve studied and covered. If that serves as a blueprint, DSV+PAN could close in May.
Two ...
Foreign airlines react to sudden new US rule tightening air cargo security
'Forwarders hope DSV will win DB Schenker'
Container manufacturers tell customers they are ‘sold out’ until mid-October
Transpacific rates war breaks out as new arrivals undercut major liners
Threat of more strikes at German ports as workers reject 'inadequate' offer
Bust-to-boom-to-bust: the cyclicality of air cargo growth patterns
Strike at major Indian ports called off, but supply chain challenges remain
Transhipment boom at port of Colombo fades as the competition grows
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