APMT buys minority stake in DP World's Jeddah facility
APM Terminals today marked its entrance to the Saudi Arabia port market, agreeing to acquire ...
By Mike Weir
With the DSV-Panalpina deal not dead, just, umm, sleeping, it could be time for XPO Logistics to wake up.
The $7.3bn-market-cap US freight heavyweight has had a share price nightmare since short-sellers published a report in December casting doubt (hotly disputed) on its financial reporting and M&A strategy.
XPO’s share price, which had already been heading south from a September high of $114, nose-dived almost overnight to $44.50. They closed last week around $57 and the class-action lawyers are circling.
But before the ...
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