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...“Seattle is a logistics business. It is grind and detail and logistics, and that is what has been missing there over the past 12 months,” O’Leary said....
...Amazon’s $1bn industrial innovation fund is to step up investments in companies that combine artificial intelligence and robotics, as the ecommerce giant seeks to drive efficiencies across its logistics...
...Chinese ecommerce group Alibaba has suspended a planned IPO for its logistics arm Cainiao and said it would instead spend up to $3.8bn to buy out the unit’s minority shareholders....
...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....
...French shipping specialist CMA CGM has agreed to buy Wincanton in a deal that values the British delivery and warehousing company’s equity at £765mn....
...“The company has thought it should add muscle for future expansion, for future growth,” he told analysts on a call....
...CMA CGM’s bid for Wincanton was made by its subsidiary Ceva Logistics, a logistics company that it acquired in 2019....
...Chair Joe Tsai told analysts in a call on Wednesday that the company’s plans for an initial public offering of Cainiao, its logistics unit, and supermarket chain Freshippo had included a “caveat”, which...
...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....
...The French company’s bidding vehicle, Ceva Logistics UK Rose, said on Monday that it had received firm commitments to accept its bid from investors holding 16 per cent of Wincanton’s shares, while investors...
...“Seattle is a logistics business. It is grind and detail and logistics, and that is what has been missing there over the last 12 months....
...Bigger companies mean increased liquidity in the shares, which should broaden investor appeal. Higher valuations will be important in an expected wave of dealmaking, says Paul May at Barclays....
...Enrico Vergani Partner and Lead on Shipping, Transport & Logistics, BonelliErede (lawyers) London EC4, UK...
...The company blamed several factors including port congestion, the Cape diversions and the end of the lease on one ship for the declines....
...YDLGP would also buy Shift and turn the merged companies into a “super-scale” logistics platform, Yodel said....
...Some logistics companies offer a “southern route” that avoids Russia, going via Kazakhstan, Azerbaijan and Turkey....
...The biggest movers on European stock markets on Thursday include travel technology platform Amadeus, joiner and kitchen supplier Howdens, consumer health group Haleon and logistics company Wincanton....
...Under chief executive Rodolphe Saadé, the unlisted Marseille-based company has used the windfalls to diversify, buying up port terminals and expanding into the less cyclical business of logistics....
...Shares of the Hong Kong-listed shipping and logistics subsidiary of Cosco, one of the world’s largest shipping groups, dipped 15 per cent after the company reported profits fell 86 per cent year on year...
...By most metrics, 2023 was a year to forget for the largest package delivery company in the US....
...Whist, whose company owns 18 car carriers, said travelling via the Cape would cut the fleet’s effective capacity by 5 per cent to 6 per cent....
...Ashley will not be paid for the advice he gives to the company....
...He also attributed improved margins to the company’s cost-cutting programme....
...and foreign ports, foreign logistics networks, shippers, shipping companies, other public databases, and hundreds of thousands of users in the PRC.”...
...Its latest came on Friday via its CEVA Logistics unit, which has agreed to buy Wincanton in a deal that values the British delivery and warehousing company at £765mn....
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