China’s SF Holdings is reportedly in talks to acquire Kerry Logistics Networks, according to a Reuters report.
Referencing sources close to the matter, Reuters said that a deal proposal could be announced in the coming week.
Shares of Kerry Logistics rose approximately 25 percent on Thursday last week, giving the company a market cap of USD5.44 billion.
Cargotec will sell its MacGregor business unit to funds managed by Triton for an enterprise value of EUR480 million (USD506.7 million)
DSV has been successful in its bid for German freight forwarder DB Schenker
DSV and a private equity consortium led by CVC have reportedly put in binding bids of around EUR14 billion (USD15.6 billion) for DB Schenker.
![WWPC VietnamGroup[45]](https://d3i5hb7w7uz115.cloudfront.net/Pictures/100x67/7/3/0/14730_wwpcvietnamgroup45_547333.jpg)
Worldwide Project Consortium (WWPC) members gathered in Ho Chi Minh City, Vietnam, for its 22nd annual membership conference on November 10-13.
Kuehne + Nagel (K+N) has launched a specialised logistics division catering to the cloud infrastructure industry.
Richard J. Hendrick was unanimously elected vice chair of the American Association of Port Authorities (AAPA) board of directors.
