News / Is buying CEVA the key to the global expansion ambitions of CJ Korea Express?

CJ Korea Express is thought to be eyeing CEVA, as speculation mounts once again that private equity company Apollo is keen to take the forwarder off its books.

The Loadstar has learned from a reliable source that Apollo is in talks with the Korean logistics company, which has said it wants to become one of the top five logistics companies in the world by 2020 – an aim achievable via acquisitions.

The company announced it would invest up to KW5tn ($4.63bn) in overseas acquisitions.

Last year ...