The Loadstar




FedEx expands its Australian footprint with takeover of Manton Air-Sea

FedEx is targeting more Australian business after acquiring Sydney-headquartered logistics operator Manton Air-Sea.
Pending regulatory approval, the purchase of the forwarder and customs brokerage specialist is expected to be completed before the end of the year.
Chief executive of FedEx …




CMA CGM stake in Ceva ‘is no threat to the forwarders’

CMA CGM’s investment into Ceva Logistics is not a threat to forwarder-controlled ocean freight, according to Nicolas Sartini, CEO of subsidiary carrier APL.
Speaking prior to yesterday’s announcement that CMA had upped its stake in Ceva to 33%, Mr Sartini …