UPS's $1bn Coyote Logistics sale – a real win for RXO?
Risks and benefits
It’s one of those smallish deals under the radar, but worth pursuing: Singapore Post (SingPost) has purchased Australian, family-owned transport company Border Express.
Let’s look at what role this cross-border deal plays in the acquirer’s overall strategy.
Overnight sensation: 40 years in the making
Singapore Post, via its Australia-based subsidiary Freight Management Holdings (FMH), has announced its intention to buy Border Express for A$210 million, you read it here this week.
It is a conditional agreement, subject to both parties ...
Chaos now rules the container shipping market, says Yang Ming CFO
US Logistics Solutions files for liquidation, with significant job losses
Maersk sets new chartering record with deal for $150,000 a day
Forwarders 'being squeezed' as spot and contract rates move further apart
More ships and more containers needed for 'feverish' box shipping sector
MSC and CMA CGM roll out new shuttle services as intra-Asia rates soar
Demand for air freight 'perking up', but this puts pressure on capacity
Idle containership fleet dips to pandemic era lows as carriers hunt tonnage
Comment on this article
chris dunphy
November 04, 2023 at 11:13 pmThe ambitions of Holgate & Allegro will be significantly curtailed by the SingPost acquisition of BEX. Team Global Logistics continues to haemorrhage while the Luff family cash out with a COVID tail-wind. The Cardaci purchases of Rocky’s Own & ABC provide them with a full national footprint, with the pending sale of Simon National completing the latest chapter of sector consolidation.