FedEx-CMA CGM deal hints at new battle for air cargo capacity
When CMA CGM announced its $1.4bn acquisition of FedEx Supply Chain, most attention focused on the contract logistics business ...
ID 100531888 © Gajus | Dreamstime.com
Ohhhhh, well!
Remember the DSV takeover of Panalpina (PAN) four years ago?
I am sure you do.
A slew of senior folks jumped the PAN ship, voluntarily or not, while others retired as soon as it became clear that the Danes* were going for cost-cutting at scale, regardless of the ’stronger together’ claim made back then.
(*Who lost out to CMA CGM in the Ceva takeover race.)
It could well be revenge time now, with Ceva challenging more closely its previous suitor, and with a ...
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