Top forwarders all set for cash flow boost as earnings sag
When being flush is bad
By Alex Lennane
You can’t deny DSV’s ambition: in the absence of a big M&A deal, it has announced that it will exclusively provide the logistics for NEOM, a region the size of Belgium being developed in north-west Saudi Arabia on the Red Sea.
The project will include cities, ports, research centres and more in what is being billed as a “living laboratory” for a “new future”.
DSV won a tender for the job last year and, with NEOM, is setting up a joint-venture, of ...
Comment on this article