The vertical integration and modal mash-up continues. The Loadstar reveals today that a forwarder has started a shipping line and now a shipping line is looking at buying an airline. MSC has told the Italian government it wants to buy a stake in the new airline, ITA Airways, which began operations in...
“Shape-shifting” is how Sarah Banks, global freight and logistics lead at Accenture, describes 2021. There have, of course, been many changes, but perhaps the one with the longest-term effect is the massive growth in M&A, spurred on by vast profits, particularly for shipping lines. And the M&A news just keeps on coming, as...
Major forwarders may abandon Maersk over concerns that the line’s new “integrated” business and “aggressive” strategy creates conflict of interests, and that it wants to cut forwarders from its business. DB Schenker confirmed to The Loadstar that it had lost key account status with the shipping line, but said it had already switched...
