Carriers plan for new US east coast port strike as contract deadline looms
Negotiations between the dock workers’ International Longshoremen’s Association (ILA) and port employers the United States ...
Photo 93075064 © Sawitri Khromkrathok | Dreamstime.com
News of the $1.8bn* acquisition of US trucking firm Pilot Freight Services accompanied another record-breaking set of annual results from AP Møller-Mærsk (APMM) this morning, as widely expected.
(*The transaction price, APMM noted, is $1.68bn equivalent to an enterprise value of $1.8bn post IFRS-16 lease liabilities.)
Pilot operates in the first, middle and last mile road freight markets in the US and North America cross-border operations, specialises in the big and bulky B2B and B2C deliveries and is being acquired from private ...
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