A.P. Moller-Maersk A/S is looking for new acquisition targets after recently walking away from what would have been its biggest ever deal, the CEO said.
August 7, 2024Logistics 50 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
Top Refrigerated Firms
No rankings are available for this year.
Extras
Maersk CEO Seeks New M&A Deals After Dropping Schenker Bid
Ice Cream Giant Wells Enterprises Plans $425M New York Expansion
Wells, headquartered in Le Mars, Iowa, produces more than 200 million gallons of ice cream annually and distributes products in all 50 states.
GXO Logistics Reports 19% Revenue Surge in Q2 2024
GXO Logistics saw revenue grow 19% in the second quarter of 2024 to $2.85 billion. However, the contract logistics firm reported a drop in net income to $39 million from $66 million in 2023.
Canada’s Labor Minister Launches Talks to Avert Rail Strike
Negotiations to avert a major railroad strike in Canada will resume Aug. 7 after talks between the three parties were stalled for months.
Uber Beats Expectations as Rideshare Demand Remains Strong
Uber Technologies Inc. reported better-than-expected orders in the second quarter, underscoring the continued strength in demand for rideshare and delivery services.
CSX Profit Slips Amid Baltimore Bridge Collapse Response
CSX railroad’s second-quarter profit slipped 2% as it scrambled to respond to the Baltimore bridge collapse in March that disrupted coal exports.
Senate Greenlights Its Version of Water Infrastructure Act
In a show of bipartisanship, senators voted to inject billions into the nation’s ports, dams and canals, passing a sweeping water infrastructure bill.
Seven Logistics Companies Merge Into SalSon Logistics
A group of seven logistics companies is set to merge under the banner of SalSon Logistics, with a focus on drayage and warehousing services, they said Aug. 5.
Silicon Valley Subway Project Nabs $5.1B for Bay Area Link
The long-awaited subway project linking California’s Silicon Valley to parts of the San Francisco Bay Area is set to receive $5.1 billion in federal funding.
Hub Group Misses Analyst Expectations on Weak Q2 Market
Hub Group profit in the second quarter of 2024 fell due to the ongoing weakness in the North American freight market, but a final-mile acquisition in December 2023 offered a bright spot.