$31bn Lineage – build the upside, sniff the downside
Almost addictive, it seems
US cold storage real estate investment trust Lineage Logistics has embarked on a transatlantic buying spree.
On 8 June the company announced the acquisition of Kloosterboer Group, an integrated platform for temperature-controlled storage, logistics and value-added services.
Kloosterboer has 11 facilities, in the Netherlands, France,Germany, South Africa and Canada, with a total of 6.4m cubic metres of capacity and 790,000 pallet positions.
Mike McClendon, Lineage’s president of international operations and EVP of network optimisation, described the takeover as “a monumental step toward achieving ...
Volume surge and an early peak season? 'Don't celebrate too soon,' warning
Keep our news independent, by supporting The Loadstar
Shippers should check out the 'small print' in China-US tariff cuts
China-US trade tariff pause could drive a rebound for transpacific rates
Spot rates on transpacific surge after news of tariff time-out
Ecommerce likely the front-runner in resurge of transpacific trade after deal
Service chaos from trade ban with India a problem for Pakistan shippers
Carriers impose 'emergency operation' surcharges on Pakistan cargo
Comment on this article