Walking the rumour tightrope – sale of Australia's TGE looks near
And so…
APM Terminals has agreed to sell its UK container haulage business Pentalver to Freightliner owner Genesee & Wyoming.
The deal is expected to complete for £87m (U$110m) in the first quarter of next year.
The possible synergies are plain for Freightliner, which adds its fleet of 150 trucks to Freightliner’ 250 that “currently provide local collection and delivery haulage from Freightliner’s inland terminals”.
It will allow the company to “unlock efficiencies from shared services and enhanced asset utilisation”, it said.
G&W said the acquisition would “enhance its ...
Comment on this article