Manufacturing Industry
Detours.(Schneider Logistics Inc. acquires American Overseas Air Freight)(UTi Worldwide Inc. acquires Market Industries Ltd.)(Menlo Worldwide opening a unit in Malaysia)(Brief article)
Purchasing, April, 2006
Staff Schneider Logistics recently agreed to acquire American Overseas Air Freight, an international freight forwarder and a licensed U.S. customs broker specializing in the handling and shipping of import and export products by air, ocean and truck. Ocean freight and logistics company UTi Worldwide has acquired Market Industries Ltd., a privately held provider of logistics and truck brokerage services, for $197.1 million in cash.
In the small package market, Deutsche Post says its DHL Express operation in the U.S. will not be profitable in 2007, as previously expected. Klaus Zumwinkel, CEO, said in a recent news report, "Further action is needed for the express business in the U.S. We need to eliminate the problems we have identified." ...
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