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 ...
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There was a strong sense of déjà vu when reading the news that Japan Post had agreed to take a large minority in KKR-owned Logisteed, previously known as Hitachi Transport System (HTS), last week.
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The Toll Group owner has agreed to acquire a 19.9% stake* in the Tokyo-based logistics provider, which is widely understood to be an IPO prospect as rumours swirl, even more so at a time when, incidentally, Japanese and US equites trade at new records.
(*Voting rights: 14.9%; economic ...
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