CJ Logistics builds second Chicago warehouse to link with major rail freight lines
South Korean forwarding group CJ Logistics is working with state-backed ship financier Korea Ocean Business ...
GM: RAISING THE ROOF GGM: IN FULL THROTTLE GZIM: MAERSK BOOST KNIN: READ-ACROSSMAERSK: NOT ENOUGHMAERSK: GUIDANCE UPGRADEZIM: ROLLERCOASTERCAT: HEAVY DUTYMAERSK: CATCHING UP PG: DESTOCKING PATTERNSPG: HEALTH CHECKWTC: THE FALLGXO: DEFENSIVE FWRD: RALLYING ON TAKEOVER TALKODFL: STEADY YIELDVW: NEW MODEL NEEDEDWTC: TAKING PROFIT
GM: RAISING THE ROOF GGM: IN FULL THROTTLE GZIM: MAERSK BOOST KNIN: READ-ACROSSMAERSK: NOT ENOUGHMAERSK: GUIDANCE UPGRADEZIM: ROLLERCOASTERCAT: HEAVY DUTYMAERSK: CATCHING UP PG: DESTOCKING PATTERNSPG: HEALTH CHECKWTC: THE FALLGXO: DEFENSIVE FWRD: RALLYING ON TAKEOVER TALKODFL: STEADY YIELDVW: NEW MODEL NEEDEDWTC: TAKING PROFIT
In the first four months of 2018, European firms have spent some $47bn acquiring US companies. This, the Wall Street Journal says, is the highest spend between the two regions since 2006 and almost $10bn up on what was spent over the same period last year. Driven by lower taxes and favourable foreign exchange rates, the boom in US acquisitions may bode well for European forwarders looking to expand. However, it should be noted these deals aren’t for the faint-hearted. While the spend may have gone up, the number of buys has gone down: 113 fewer US targets were acquired in the four-month period compared with 2017, indicating the deals done were on the large side.
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