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 ...
(ADDED: comment from DSV, which was not formally contacted at the time this story was published)
Market sources say that Danish 3PL DSV has come to terms with the idea of looking for another partner after finding it increasingly difficult to engage with Panalpina (PAN), which is drafting its own plan to grow inorganically.
But DSV told The Loadstar that the executive board is united and committed to its existing growth strategy, adding that “DSV is not courting K+N”.
“One thing is speculation ...
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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