Latest news from Heavy Lift & Project Forwarding International Magazine

American Commercial Lines goes Platinum

December 16 - Further to our report on November 30, shareholders have approved the acquisition of American Commercial Lines (ACL) by an affiliate of Platinum Equity by an 80 percent margin.

Subject to the satisfaction or waiver of certain conditions set forth in the merger agreement and discussed in the Definitive Proxy Statement on Schedule 14A filed by ACL with the Securities and Exchange Commission on November 15, 2010, ACL expects the merger contemplated by the merger agreement to close and ACL's common stock to cease to trade on NASDAQ by the end of December 2010.

American Commercial Lines is headquartered in Jeffersonville, Indiana, and is an integrated marine transportation and service company operating in the United States Jones Act trades, with approximately USD850 million in revenues and approximately 2,570 employees as of December 31, 2009.

Platinum Equity is a global M&A&O(R) firm specialising in the merger, acquisition and operation of companies that provide services and solutions to customers in a broad range of business markets, including information technology, telecommunications, logistics, metals services, manufacturing and distribution.

Since its founding in 1995 by Tom Gores, Platinum Equity has completed over 100 acquisitions with more than USD27.5 billion in aggregate annual revenue at the time of acquisition.

Heavy Lift | News

Fesco and RZD team up to link Europe and Asia thumbnail image

Fesco and RZD team up to link Europe and Asia

May 24 - Fesco Transportation Group and Russian Railways Logistics (RZD Logistics) are launching a Trans-Siberian multimodal service to expedite the delivery of goods from Japan to Europe via Russia.
Views: 312
POSH to launch maritime training centre in Taiwan thumbnail image

POSH to launch maritime training centre in Taiwan

May 24 - POSH Kerry Renewables – a joint venture of PACC Offshore Services Holding (POSH) and Kerry TJ Logistics – has signed a memorandum of understanding (MoU) to develop Taiwan’s first specialised maritime training centre. 
Views: 259
PPG restructures training course thumbnail image

PPG restructures training course

May 24 - The Project Professionals Group (PPG) has restructured its project cargo forwarding training course into a one-day format.
Views: 282

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