'Mærsk-quits-Schenker' effect? Short-lived!
Sneak peek mode on
UPS has neither embarked on, nor hinted at, blockbuster M&A in decades.
Not that I recall, anyway.
It lost out to FedEx in its pursuit of TNT Express years ago, but that was multi-billion B2C-focused deal-making.
In those days, nonetheless, it snapped up Coyote Logistics for $1.8bn – a then-bolt-on for the Atlanta-based integrator, which had to digest the win from Memphis*.
(*Where, incidentally, fast forward to these days: belt-tightening is on track… while goading UPS, whose stock sags on the market. That’s also part ...
Maersk pulls out of DB Schenker bid after identifying 'challenges' in integration
Forwarders 'being squeezed' as spot and contract rates move further apart
Return to double-digit spot rate gains looms with new FAK hikes and surcharges
MSC and CMA CGM roll out new shuttle services as intra-Asia rates soar
Idle containership fleet dips to pandemic era lows as carriers hunt tonnage
Shipper fears resurface as Canadian rail workers renew vote for strike
Red Sea crisis dictates container fleet capacity trends
Airlines add transpac capacity as flood of ecommerce traffic continues
Freighter aircraft: 'we are on the cusp of major change in large widebodies'
MSC to launch Europe-Asia-North America service
Kuehne + Nagel restructure – 'Paul was the one with the guts to do it'
Indian importers turning to bulkers as box line capacity falters
Container futures trading trend suggests no end to Red Sea crisis this year
Former Flexport/Amazon execs launch tech start-up for forwarders
Schenker race...Mærsk out – in the name of synergies, or the lack thereof
News in Brief Podcast | Week 27 2024 | A bustling ocean freight market, acquisition and bankruptcy
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