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 ...
With about $7bn worth of deals launched or about to hit the market, this is by far the biggest week in logistics since the container shipping lines started, of necessity, to entertain M&A in 2014.
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Today’s bid by French ocean carrier CMA CGM, for the 49.4% of Switzerland-based CEVA Logistics it does not already own, has a market value of up to about $820m.
This deal is overshadowed, of course, by the $4bn takeover of Swiss 3PL Panalpina (PAN) by DSV, which still has the bulls ...
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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