ONE [Ocean Network Express] is officially one year old today, but its Japanese owners, K Line, MOL and NYK, have had little to celebrate since the chaotic launch of the merged network last April.
However, ONE said today it was …

As the European Commission continues its review of the liner shipping’s Block Exemption Regulation (BER), which allows container carriers to work in consortia, cargo owner lobby group the European Shippers Council (ESC) has called for the law to be repealed …

Market sources say that UK-based Xpediator is pulling out all the stops to secure the purchase of Slovenian road transport operator and air and ocean freight forwarder Intereuropa.
As the £55m-market-cap asset-light logistics provider tries to outbid Pošta Slovenije – …

Denmark’s DSV and Switzerland’s Panalpina announced today they had “agreed to join forces”, in a deal that values Panalpina at about Sfr4.7bn ($4.72bn), excluding debt considerations. It is effectively a takeover of the latter by the former, where significant cost …

So, I am really pleased that my DSV/Panalpina (PAN) base-case scenario – to which I still reluctantly gave a 4% to 6% probability of success (click here, here and here) – eventually played out.
And I am also delighted it …

SEEKING ALPHA writes: “XPO Logistics is maintained with a Buy rating at Jefferies but the firm cuts its stock price target to $92 from $120, saying XPO is caught in a “perfect storm” with its largest customer downsizing the majority …

Whether Panalpina’s future partner is Agility or DSV could be decided at an extraordinary general meeting, a week today.
Research documents from two corporate governance companies, seen by The Loadstar, reveal considerable concerns over Panalpina’s major shareholder, the Ernst Göhne …