Hamburg – the Petri dish for Schenker?
Politics + M&A = Trouble?
BA: SPIRIT DISPOSALSBA: SPIRIT AEROSYSTEMS DEALGM: GAUGING RISKGXO: NEW BOT PARTNERWMT: CAPEX IN CHECKWMT: CFO ON AUTOMATION WMT: SPOTLIGHT ON AUTOMATIONHD: PRESSURE BUILDSFWRD: REVISED EBITDA MAERSK: TESTING ONE-MONTH HIGHFDX: UP UP AND AWAYRXO: COYOTE DEAL TAILWINDDSV: NEW REFI DEAL
BA: SPIRIT DISPOSALSBA: SPIRIT AEROSYSTEMS DEALGM: GAUGING RISKGXO: NEW BOT PARTNERWMT: CAPEX IN CHECKWMT: CFO ON AUTOMATION WMT: SPOTLIGHT ON AUTOMATIONHD: PRESSURE BUILDSFWRD: REVISED EBITDA MAERSK: TESTING ONE-MONTH HIGHFDX: UP UP AND AWAYRXO: COYOTE DEAL TAILWINDDSV: NEW REFI DEAL
A slightly confusing headline from the otherwise reliable Automotive Logistics. It reports that after four years, German investigators have reached a settlement with DB Schenker over claims that it bribed Russian customs officials in the port of St Petersburg to expedite shipments of automotive parts for the nearby Ford factory between 2010 and 2012. The settlement is in the $2m mark, although prosecutors are still investigating whether Ford had a role in the scheme. The US carmaker has denied any knowledge of the matter.
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