All is not well among Panalpina's shareholders, and the DSV takeover bid has brought the disenchantment with the company management to a head.
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CFO Michael Sirat tells JOC.com CEVA will compete for the container carrier’s business like any other forwarder.
The action, which involves both private and public sector union workers, will affect all transport providers in Europe's second-largest container port as well as Brussels Airport.
Jens Bjørn Andersen told JOC.com the highly fragmented forwarding industry is in need of consolidation and the additional scale would benefit DSV customers and shareholders alike.
Speakers at the Cargo Facts EMEA conference in Frankfurt say trade disruptions and booming e-commerce will continue to drive increased global air cargo volume.
UK forwarders, shippers, and ferry operators fear that any delay caused by customs checks will quickly lead to extensive bottlenecks and disruption.
The injection of vessels comes as demand growth of Asia-Europe westbound volume slows.
European forwarders are trying to blunt ocean carriers from encroaching on their business.
CEVA Logistics wants shareholders to bear in mind the benefits of its strategic partnership with CMA CGM and turn down a bid by the carrier, highlighting the growth inherent in the company.
Given current factors in the two trade lanes, there was little chance rates would strengthen.
The consolidation moves among large forwarders have drawn a mixed response.
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Alan M. Field