Acquisition-happy Dachser strikes again as it takes control of Italy JV
It’s been a busy week for acquisitive Dachser. Hot on the heels of news that ...
Another day, another bit of M&A. Today’s news is that the UK’s Cardinal Global Logistics has made a “strategic investment” in Australia’s Seabridge to boost its presence in Australia and New Zealand and support trade links with Asia. Cardinal has worked with Seabridge for the past five years. The Australian forwarder has five domestic locations and opened in Auckland last year.
Brian Hay, Cardinal group CEO, said it had only bought one company in its history, 20 years ago. “Delighted to have got this one over the line,” he said. The Business Desk reports.
MSC Aries now bound for Iran, and crisis will be 'a catalyst for higher rates'
Urgent call for breakdown of cargo onboard as General Average declared on Dali
Hong Kong drops out of world's top 10 busiest container ports
Iranian troops seize MSC box ship while Somali pirates net $5m ransom for bulker
Flexport is 'back on track' – now it needs to start growing again
Bottlenecks and price hikes as airlines now avoid Iran airspace
Capture of MSC Aries will further drive up Indian export costs
Iran may now pose a threat to multimodal supply chains via Dubai
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