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Forwarder NTG wants IPO to yield millions for acquisitions

Nordic Transport Group intends to go public in October. The company plans to raise USD 36.8 million to be used for growth and new acquisitions, management says, thus addressing the wave of acquisitions happening in freight forwarding and logistics.

DSV wants to grow despite global headwinds

A slowdown in the global economy will not halt DSV's growth rates going forward, says CEO Jens Bjørn Andersen. "We will continue to be able to conquer market shares and grow," he tells ShippingWatch.

Uber expands its freight business to Europe

Uber is not entering one European country, for now, with its freight business. In an interview with ShippingWatch, Uber has previously hinted at potential for collaboration with players such as DSV and Kuehne+Nagel.

Investors inject USD 1 billion into Flexport

The US-based freight forwarder, which is one the world's most famous shipping sector entrepreneurs, has raised USD 1 billion. This brings the company's valuation to over USD 3 billion.

Scan Global in race to bag large contracts

Scan Global Logistics is in play for three major contracts, two of which are with the UN. There is still only little information about the deals, but according to the company, they are so comprehensive that Scan Global needs to change the conditions in a bank agreement.

Communications chief ended vacation when DSV landed UTi

The entire deal was kept under wraps to the extent that Senior Manager of Corporate Communication at DSV, Tina Hindsbo, only started preparing the announcement of the major transaction one week prior, she explains in the latest article in ShippingWatch's series about communication.

Kuehne+Nagel grows across the board

Swiss freight forwarder Kuehne+Nagel transported more goods across all the group's business areas and improved its top line by 9 percent in the second quarter to CHF 4.5 billion.

DSV CEO: We target major acquisitions

The takeover of UTi Worldwide has taught DSV that major acquisitions fit best with the freight forwarder's strategy. "We will go for the big ones, if we can find them and convince the owners," CEO Jens Bjørn Andersen tells Reuters.

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