Government, board approvals clear way for DSV-DB Schenker merger Deutsche Bahn’s supervisory board approved DSV’s $16 billion acquisition of rival forwarder DB Schenker despite opposition from union members on the board. Government, board approvals clear way for DSV-DB Schenker merger International Freight
Read More →DB Schenker customers spooked by DSV takeover welcome at DHL: CEO
on September 24, 2024in Industry News
DB Schenker customers spooked by DSV takeover welcome at DHL: CEO The integration of two large companies in similar industries is “particularly challenging,” according to Tobias Meyer, who withdrew DHL’s interest in DB Schenker earlier this year. DB Schenker customers spooked by DSV takeover welcome at DHL: CEO International Freight
Read More →DSV takeover signals end to 150 years of DB Schenker brand
on September 19, 2024in Industry News
DSV takeover signals end to 150 years of DB Schenker brand While there are still regulatory hurdles to clear, a spokesperson for DSV told the Journal of Commerce the combined company “will continue under the DSV brand” going forward. DSV takeover signals end to 150 years of DB Schenker brand International Freight
Read More →SEKO secures fresh financial backing amid prolonged forwarding industry slump
on September 19, 2024in Industry News
SEKO secures fresh financial backing amid prolonged forwarding industry slump The forwarder did not provide financial details, but CEO James Gagne told the Journal of Commerce the transaction puts SEKO on solid financial footing. SEKO secures fresh financial backing amid prolonged forwarding industry slump International Freight
Read More →Union, government hurdles ahead in DSV’s $16 billion takeover of DB Schenker
on September 13, 2024in Industry News
Union, government hurdles ahead in DSV’s billion takeover of DB Schenker DSV knocked the unions’ preferred bidder, private equity firm CVC Capital Partners, out of the race but the forwarder’s bid now needs approval from the German parliament. Union, government hurdles ahead in DSV’s billion takeover of DB Schenker International Freight
Read More →Trans-Atlantic shippers test contingency plans as ILA strike threat grows
on September 6, 2024in Industry News
Trans-Atlantic shippers test contingency plans as ILA strike threat grows With just three weeks to go until the union’s master contract with port employers expires, US importers are scrambling for options but are finding there are no ideal alternatives. Trans-Atlantic shippers test contingency plans as ILA strike threat grows International Freight
Read More →Tech vendor aims to help forwarders preserve margins in growing LCL market
on September 3, 2024in Industry News
Tech vendor aims to help forwarders preserve margins in growing LCL market Forwarders booking less-than-containerload business from shippers face documentation and pricing challenges that cut into their ability to carve out margin. Tech vendor aims to help forwarders preserve margins in growing LCL market International Freight
Read More →Falling demand, rates signal early end to Asia-Europe ocean peak season
on September 3, 2024in Industry News
Falling demand, rates signal early end to Asia-Europe ocean peak season While rates remain more than four times higher than this point last year, forwarders and carriers report an easing of demand ahead of the traditional end to the peak shipping period. Falling demand, rates signal early end to Asia-Europe ocean peak season International Freight
Read More →DP World adds Hong Kong forwarder to growing 3PL network
on September 3, 2024in Industry News
DP World adds Hong Kong forwarder to growing 3PL network Cargo Services will expand the global port operator’s reach in Asia across a range of industry verticals. DP World adds Hong Kong forwarder to growing 3PL network International Freight
Read More →Capacity boost on trans-Pacific pushes carriers to compete for cargo
on August 26, 2024in Industry News
Capacity boost on trans-Pacific pushes carriers to compete for cargo Competition to fill ships in the eastbound trans-Pacific has become so intense in recent weeks that ocean carriers are offering a variety of special rates that are much lower than the spot rates they are quoting. Capacity boost on trans-Pacific pushes carriers to compete for […]
Read More →Recent Posts
-
Government, board approvals clear way for DSV-DB S…
Government, board approvals clear way for DSV-DB S…
-
DB Schenker customers spooked by DSV takeover welc…
DB Schenker customers spooked by DSV takeover welc…
-
DSV takeover signals end to 150 years of DB Schenk…
DSV takeover signals end to 150 years of DB Schenk…
-
SEKO secures fresh financial backing amid prolonge…
SEKO secures fresh financial backing amid prolonge…
-
Union, government hurdles ahead in DSV’s $16 billi…
Union, government hurdles ahead in DSV’s billion t…