Exel Renew Contract
Exel has been awarded a renewed contract by telecom equipment distributor Doro UK. It will continue to be managed by Exels Worcester centre.
Read MoreTag: Worldwide
Italian job for Palletways
Palletways has launched a new national network in Italy, the start of its development strategy to create the first pan-European express palletised freight network.
Read MoreKuehne & Nagel purchase Mauritius agent
May 1 2002 Kuehne and Nagel have bought a 51% holding in its Maurutius Agent, Nakufreight. Nakufreight has 25 employees.
Read MoreUPS Annual Report 2001
UPS Annual Report 2001
Read MoreSmaller independent logistics firms will be the target of Europeans looking to expand in North America
Acquisitive European logistics organizations still have the North American market in their sights despite tough economic conditions and the challenges of finding suitable targets. As economic conditions improve, analysts expect merger and acquisition activity to pick up fast.
The pool of top targets is smaller after the acquisitions of the last two years or so. “Most of the prime U.S. candidates have been taken,” said Dick Armstrong of Stoughton, Wis.-based logistics management consulting firm Armstrong & Associates Inc. For buyers to come into this market “and make a dramatic impact,” they would have to go after companies the size and caliber of Schneider Logistics or Ryder System, he suggested.
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