I: BRT & Italian subsidiary of Geodis put under judicial administration
INFORMARE reports: The Milan court, at the request of the local Prosecution Service of the Republic, ...
Geodis is set to propel itself into the US market with a purchase of Ozburn-Hessey Logistics (OHL), the Tennessee company which was put up for sale by its private equity owners. Geodis, based in France, has missed a strong US network. It had in the past worked closely with Jacobsen, but The Loadstar understands that a proposal to acquire it was rejected by the Geodis board after the company completed its $1bn purchase of IBM’s logistics business. Jacobsen was subsequently bought by Norbert Dentressangle. But, according to various media reports, Geodis is now in talks to acquire OHL for some $800m.
The 'mother of all BAFs' looms for shippers as green targets advance
First shipper uses new land-air corridor ex-India for Bangladesh exports
Maersk idles more ships while NOOs see a rebound in demand
Container shipping can see ‘green shoots’ of freight demand recovery
Forwarding M&A round-up: plenty of action making smaller headlines
Shippers advised to give strike-hit port of Hamburg a miss
Some ocean trades stabilising, but transatlantic rates still falling
Retailers warn of challenging orderbooks amid continued high inventory
Mind the (income) gap with Mærsk, DP-DHL & Kuehne – DSV the safest
K+N will take financial hit to 'create critical mass' for smart labels
Another rail strike in Germany to add to European freight troubles
Boost for Hong Kong air cargo volumes as ban on vape traffic is lifted
Comment on this article