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...Flush with pandemic cash, Saadé has taken CMA CGM on a quick-fire, roughly €35bn acquisition spree, with the aim of diversifying into logistics to cushion the group from shipping’s boom-and-bust cycles....
...“We’re also a long way off from replacing all humans,” she added....
...Alibaba’s logistics arm Cainiao became the latest group to abandon plans to sell shares in the market last week, suspending an IPO that some had hoped would value the company at up to $20bn....
...French container shipping group CMA CGM abandoned its pursuit of UK logistics company Wincanton on Tuesday, making it almost certain that a rival bid by GXO would succeed....
...was “that all these transactions were subject to market conditions”....
...But it also cannot be the scapegoat for all UK corporate woes....
...It currently expects to receive four this year, which it will lease from AerCap, and 31 next year, all of them coming from lessors. The latest fleet update from the airlines may come on Thursday....
...But after years of budget cuts the once-powerful Royal Navy will need its allies to provide many of the additional vessels needed to form a carrier strike group — in particular a key logistics ship....
...On Thursday, March 28, a group of powerful Delaware lawyers put in motion a plan to make a series of changes to the state’s eminent corporate code, known as the Delaware General Corporation Law....
...Shares in Wincanton jumped 18 per cent on Thursday after logistics group GXO announced an all-cash offer for the UK-based delivery and warehousing company, trumping a previously agreed bid by French shipping...
...Wincanton: Shares in the UK-based delivery and warehousing group jumped 18 per cent after New York-listed logistics company GXO announced an all-cash offer, valuing the target at more than £760mn....
...Companies expected to go public soon include cold storage chain Lineage Logistics, which is seeking a valuation above $30bn, and cyber security provider Rubrik, valued at $4bn last year....
...LondonMetric’s all-share offer for LXi REIT, at the start of the year, will bring the urban logistics owner together with LXi’s diversified portfolio with a market value of just under £4bn....
...All now charge $35 to check a first bag online. All except Delta charge $40 or more to check that bag at the airport....
...Clare Bottle, chief executive of the UK Warehousing Association, which represents logistics groups across the country, accepted that outdoor facilities were of limited use at 24-hour sites, with workers...
...In order to get around the problem, the government said it would ensure the rate of checks was initially “set to zero for all commodity groups” — essentially switching off large parts of the risk management...
...The group’s shares were 3.3 per cent down on Euronext in Oslo on Wednesday, but 12.3 per cent up on a month ago....
...The agreement helped avert a potential strike, which threatened to cause economic chaos by stranding more than a quarter of all parcels in the US, but the company cut its financial guidance several times...
...Additional reporting by Eung Sea A version of this article was first published by Nikkei Asia on March 12. ©2024 Nikkei Inc. All rights reserved....
...Live Nation investors might find — like Swift herself — that a break up doesn’t have to be all bad news. pan.yuk@ft.com...
...Meanwhile, the entity in question — Change Healthcare — is restoring its systems, after reportedly paying a $22mn ransom to the BlackCat hacker group. But investors should pay close attention....
...In a 15,000 word essay (published ironically as an e-book), he laid out why we had hit a technological plateau in which all the low-hanging fruits of easy productivity growth had been exhausted....
...“All major car ports” were struggling with congestion, the port added, without specifying the origin of the vehicles....
...The group still plans to use its own drivers in parallel. Perhaps all its deliveries could eventually be outsourced to Uber or similar groups....
...To do that, it will need additional space for logistics....
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