Forwarders face profitability test as freight markets look set to stabilise
As global freight markets begin to show signs of stabilisation after months of disruption, the industry’s largest forwarders have shown ...
“They are bankers with a forwarding arm.”
Timely
Those remarks were made in our marketplace with regard to a Kuehne + Nagel (K+N) rival yesterday (guess who?), but is also an apt description of the Swiss forwarder in the wake of today’s news, according to which, it is (unexpectedly) selling 24.9% out of the 87.3% controlling interest acquired earlier this year in Apex…
… taking on board a private equity firm, Baar-based Partners Group, little known to the logistics world.
You are very welcome, ...
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