DB Schenker sale – storm clouds gathering
Don’t look into the rear-view mirror
In the lead-up to XPO Logistics’ latest takeover, this time of US trucking company Con-way, the word on the street is that XPO has already had offers for Con-way’s trucking operations. XPO has traditionally targeted asset-light companies, but its recent acquisitions – Norbert Dentressangle and Con-way – have included lots of trucks and properties. Apparently, and it has reportedly been confirmed by XPO chief executive Bradley Jacobs, XPO subsequently received several unsolicited offers for that part of Con-way’s business, estimated to have annual revenues of $632m. “We have made no decision yet on whether or not to keep Con-way Truckload. It’s true we have received several unsolicited inbound calls from interested buyers but we haven’t decided,” he told reporters.
WestJet will 'disrupt' Canada with three 737Fs, but rivals aren't scared
The 'mother of all BAFs' looms for shippers as green targets advance
First shipper uses new land-air corridor ex-India for Bangladesh exports
Carriers turn their gaze back to scrubbers as voyage results tumble
Maersk idles more ships while NOOs see a rebound in demand
Billund sees launch of Maersk Air China link – 'a start-up on steroids'
The parcel empires strike back as smaller players take stock
Forwarding M&A round-up: plenty of action making smaller headlines
Shippers advised to give strike-hit port of Hamburg a miss
CMA CGM eyes car-carrier market boom as liners are ready to invest
DSV buys in Arizona to boost services and cross-border LatAm trade
Retailers warn of challenging orderbooks amid continued high inventory
Comment on this article