Top forwarders all set for cash flow boost as earnings sag
When being flush is bad
By Alex Lennane
It’s done. DSV has taken over UTi, as of this morning and is now the fourth largest freight forwarder in the world, with 50% more revenue. The sea and air division is expected to be most affected by the acquisition, and some job losses are expected, say insiders who added that “the work begins now”.
Comment on this article