B: China, Brazil strike deal to ditch dollar for trade
BARRON’S reports: China and Brazil have reached a deal to trade in their own currencies, ditching ...
Modern Logistics, a freighter-operating Brazilian “integrated logistics” company, is looking for $200m in investments so it can expand. The company, which has four ageing 737 freighters, hired Evercore investment bank last year to find new investors to support its plan to buy more aircraft and build new distribution centres.
Based in São Paulo state, the company offers storage, air and land transport and distribution. It has a good pedigree: chief executive Gerald Lee (pictured) helped found Azul and was a vice president at JetBlue. He has also been an undercover detective.
Modern is currently backed by private equity firm DXA Investments, which has put in $50m. Modern claims to have some 100 customers, including Harley-Davidson and medical device maker Boston Scientic Corp.
Container freight rates: 'collapse' is the word, says Xeneta
Worker no-shows force US west coast port terminal shutdowns
Cargo shifts back to US west coast ports, but some has gone for good
'Alarming signals' as airfreight capacity rises and rates fall
Major ocean carriers set course for more-profitable routes
Digital forwarders back in the spotlight: can they compete?
New call for White House intervention as USWC port disruption continues
'AI revolution' set to drive into Felixstowe with robot truck fleet
Slower demand, but US warehouse rents rise in 'tight and expensive' market
Comment on this article