M&A radar: MSC (vs Mærsk) – a bit Amazon, a bit UPS. With an eye on Schenker...
Targeted arbitrage, anyone?
ISS Palumbo UK, part of Inchcape Shipping Services (ISS), the world’s leading maritime services provider, has acquired UK freight forwarding specialist Union Transport (Newcastle) Ltd.
The merger of the Union Transport business with ISS Palumbo and its worldwide network will enhance the unique combination of global project freight forwarding and integrated logistics ISS Palumbo offers to its customers, including ENI, SAIPEM and Air Products.
Based in Newcastle, the combined new venture will have commercial and operational capability and be responsible for managing existing and future projects, as well as winning new business in the UK and internationally. Union Transport is very well established in project cargo freight forwarding and has excellent contacts for sea, air, trucking and agency services.