DSV sparks rethink on freight software – but AI may pose the real challenge
When DSV revealed it was developing its own technology platform and moving away from CargoWise, ...
© Cupertino10
By Alex Lennane
The value of M&A deals in the logistics sector doubled last year, with more expected in 2016. A PwC report notes that the fourth quarter saw more than 43% of the entire year’s deals. While there were fewer than in the year before, they were larger, and included deals such as XPO’s takeovers of Norbert Dentressangle and Con-way, K+N’s ReTrans buy and, of course, DSV’s acquisition of UTi. A survey by investment bank SDR Ventures, meanwhile, found 45.5% of executives believed consolidation helpful in the fragmented logistics business. And, if all the current market rumours are to be believed, it seems likely that more is to follow.
Comment on this article