Norfolk Southern's COO quit mid-merger – nobody's asking the right question
Leadership bench optimized for integration, but if the deal falls apart…
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| Dreamstime.com
By Alex Lennane
Not just one, but two forwarders are thought to be up for sale.
UK-headquartered EV Cargo and German digital forwarder Forto.
EV Cargo is the platform company of private equity owner EmergeVest, and was formed in 2018 by bringing together a group of UK companies including Allport, Palletforce, Adjuno and CM Downton.
A sale of EV has been mooted for some time, including via an IPO, but market rumours are getting louder.
One forwarding source said: “I think EmergeVest’s investors are getting bored ...
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