DSV A/S is in advanced talks to acquire Deutsche Bahn AG’s logistics unit DB Schenker in a $15.4 billion deal, people with knowledge of the matter said.
September 11, 2024No rankings are available for this year.
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DSV Reported to Be in Advanced Talks to Buy DB Schenker
IANA Applauds Outgoing President Joni Casey
LONG BEACH, Calif. — The Intermodal Association of North America kicked off its annual exhibition Sept. 10 by recognizing the accomplishments of outgoing President Joni Casey.
USPS to End Discounts for Consolidators Including UPS, DHL
The U.S. Postal Service said Sept. 11 that it is ending discounts that shipping consolidators such as UPS and DHL use to get packages to the nation’s doorsteps.
ATRI Finds Truck Drivers Detained on 39% of Deliveries
Driver detention is regularly voted as a top industry issue, ranking fifth highest for drivers in 2023, according to ATRI.
Maine’s Coburn Gore Border Port Set for $85M Expansion
Construction is scheduled to begin in the fall of 2026 to update the Coburn Gore land port of entry.
UPS to Acquire German Cold Chain Company
UPS is acquiring a German firm that specializes in temperature-sensitive shipping to expand its health care logistics capabilities in Europe, the company announced Sept. 10.
UPS to Lay Off More Employees to Boost Profitability
UPS Inc. is laying off more of its employees, after earlier this year announcing it was cutting 12,000 jobs in its management ranks.
MSC CEO Soren Toft Rules Out New Shipping Alliance
MSC Mediterranean Shipping Co. plans to brave volatile shipping markets on its own, ruling out a new alliance just months before its partnership with A.P. Moller-Maersk A/S ends.
Union Pacific Could Abandon 1872 Jobs Pact With Texas Town
Union Pacific Railroad is one step closer to eliminating its workforce in the east Texas town of Palestine after action by the Texas Supreme Court on Sept. 6.
CVC Presses Case for Schenker Bid to Deutsche Bahn Officials
CVC Capital Partners is pressing the case for its takeover bid for Deutsche Bahn AG’s logistics arm DB Schenker with a fresh appeal to top officials at the German state-owned transport group.