Yang Ming reports massive rise in profit, and orders more ships
Taiwanese carrier Yang Ming today reported revenue of $6.94bn last year, representing a 54% increase ...
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XPO Logistics has ended its high-growth-through-acquisition phase with the completion of the purchase of Con-way and boosting annual revenue to $15bn.
Chief executive Bradly Jacobs told The Loadstar that, following several years of rapid expansion: “The focus isn’t on acquisitions right now. WhereasI was spending about half my time on acquisitions, I am now spending precisely none of my time on them,” he said.
The Con-way deal, which closed on 30 October, represented the 16th acquisition in little more than four years. ...
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John Roberts
November 10, 2015 at 3:31 pmThey have spent all this money buying companies and are now losing more than they did before they started. I bet the shareholders are delighted.