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.
Private equity firm Providence Equity Partners has taken a controlling interest in GCL, the parent company of Rock-It Cargo.
Austria-based Felbermayr has acquired industrial relocation specialist Jozef Hermans, with four sites in the Netherlands strengthening the former’s operations in Western Europe.
The Swiss subsidiary of Cologne-headquartered MBS Logistics Group has acquired Zurich-based logistics specialist Gerhard Wegmüller.
Mike McCoshen has been sworn in as the administrator of the US Department of Transportation’s (USDOT) Great Lakes St. Lawrence Seaway Development Corporation (GLS).
Blue Water Shipping is consolidating its existing operations in Aarhus, Denmark, with an office building located in the heart of the port.
The British International Freight Association (BIFA) has officially opened entries for its 2025 Freight Service Awards.
