DSV snaps up Schenker for EUR14.3bn, reshapes logistics landscape
Based on 2023 numbers, the combined company will have an expected revenue of EUR39.3bn, with nearly 150,000 employees across more than 90 countries.
Based on 2023 numbers, the combined company will have an expected revenue of EUR39.3bn, with nearly 150,000 employees across more than 90 countries.
UPS has made two healthcare acquisitions as part of its project to expand its presence in healthcare logistics. On Tuesday, September 10 it announced that it had reached an agreement to purchase Frigo-Trans “and its sister company BPL”.
The reality of how supply chains are evolving in the face of friction between the West and China is often hard to substantiate.
Mediterranean Shipping Company (MSC) is continuing its expansion into landside logistics with the purchase of a large container transport business in Britain.
There has been a further outbreak of restructuring from an American road freight brokerage as C.H. Robinson has agreed to sell its European road freight forwarding business to Berlin-based sennder Technologies.
The Upply x Ti x IRU European road freight rates index for Europe shows Q2 rates fell in the contract index by 1.3 points q-o-q. In contrast the spot rate index rose by 3.5 points q-o-q.
The past half-year has been painful for Kuehne+Nagel, with a year-on-year fall in gross profit of 8%.
The latest quarterly results from J.B. Hunt imply that the US surface-freight market continues to be tough. For the whole company, revenues year-on-year for the second quarter of 2024 were down 7% to $42.9bn whilst operating income fell 24% to $205.7m.
According to Transporeon’s latest data, the European road freight capacity index decreased by -7.5% year on year in June 2024, marking the sixth consecutive fall this year.
FedEx is considering a sale of its FedEx Freight road freight business after delivering stable annual results.
Kuehne + Nagel predicts that the expansion in air and ocean volume shown in its Q1 2024 data will continue into the second half of the year.
In a short statement, UPS said that it had “entered into an agreement to sell its Coyote Logistics business unit to RXO, Inc., for $1.025bn”.