A sign of the times as record Knight-Swift remains 'very active in M&A'
The ‘Mixed Friday January 27’ episode was worth watching
Said to be the US’s largest privately owned trucking company, Schneider National is looking to raise over half a billion dollars from its partial IPO, launched on Friday. Although the controlling stake in the company will remain largely with the Schneider family, it appears the income will be reinvested in the firm rather than go to existing shareholders. Around $150m has been earmarked to clear debt, with the remainder set for general corporate expenses – which could include acquisitions as well as pursuing its ambition to convert the rented portion of its chassis fleet to company-owned.
What next for Maersk, MSC and the other alliances?
Ocean rates ex-Asia under pressure, while PSSs return to the transatlantic
Maersk's extra insurance offer for boxes just 'another money-spinner'
Capacity control by the biggest carriers will prevent rates tumbling further
Bullish MSC continues to strengthen its fleet for life after the 2M
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