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The international freight forwarder and logistics provider acquired RSH Freight Master Limited and subsidiary Principal Freight Limited, Hounslow (Heathrow) July 1.
Mergers and acquisitions in the transportation and logistics sector in the first six months of the year, which have included several multi-billion dollar deals, are off to the hottest start in seven years, according to a new report from PwC US.
International volumes are growing three times faster than domestic intermodal business, according to the Intermodal Association of North America.
Saverco NV, a controlling shareholder of Antwerp-based cargo ship and aircraft lessor CMB, will seek to purchase all outstanding shares of CMB.
Rates from Shanghai to Northwest Europe and the Mediterranean have increased dramatically in the past two weeks, but rates from Shanghai to the United States have fallen three weeks in a row.
Weak trade has limited growth opportunities for airfreight carriers, but trade is expected to improve in the second half of the year, according to the International Air Transport Association.