DSV and K+N see margins squeezed hard in third quarter
Two of the largest global freight forwarders, DSV and Kuehne + Nagel, have reported Q3 ...
Kuehne + Nagel has acquired a majority 51% stake in a IMC Logistics, a Tennessee drayage provider with an annual throughput of 2m teu.
The transaction is set for completion during Q1 25, and while the purchase price was undisclosed, Loadstar Premium calculated the 51% stake would likely cost the Swiss forwarder up to around $400m, in a “best case for the seller” scenario.
IMC has some 49 locations and 1,700 employees and generated $800m in ...
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