Forwarders face profitability test as freight markets look set to stabilise
As global freight markets begin to show signs of stabilisation after months of disruption, the industry’s largest forwarders have shown ...
Guess what?
It is another bolt-on deal for Switzerland’s Kuehne + Nagel: New York’s Quick International Courier (QIC), “a market leading provider of time-critical transportation and logistics solutions globally”, with “above $200m” of net revenues, this time around.
Yawn.
At this speed, between 2017 and 2020, K+N will have closed well over 10 bolt-on deals, perhaps 20, adding little shareholder value through the process, if latest trends are anything to go by. I am curious to know how the deal is financed because ...
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