Apollo LogiSolutions (ALS) and Singamas, a subsidiary of Singapore-headquartered Pacific International Lines (PIL) have signed a Memorandum of Understanding to jointly pursue cold chain logistics in India through a...
Krishnapatnam Port promoters seek to buy out 3i Group’s stake
Promoters of Krishnapatnam Port Co. Ltd (KPCL)have approached potential investors to raise up to Rs1,500 crore in structured debt to buy out the stake held by private equity fund 3i Group Plc, two people aware of the...
Railways partners with India Post in parcel business
The Railways will now provide space to postal department and private players to ferry their parcels in the guard’s compartment of some selected trains. According to the partnership with Department of Post (DoP)...
Texmaco, Kalindee Rail get Delhi High Court nod for merger
Texmaco Rail & Engineering and Kalindee Rail NirmanBSE -0.63 % (Engineers) have received Delhi High Court’s approval to merge the latter with former, the companies notified the bourses. The merger plan was approved...
European Commission gives conditional backing to Hapag-Lloyd, UASC merger
The European Commission on Wednesday said it has given its conditional approval to a merger between German container shipping line Hapag-Lloyd (HLAG.DE) and the United Arab Shipping Company (UASC). The merger would...
Kerala’s KTC Group to offload stake in logistics business
Kerala Transport Co. (KTC) Group plans to raise about Rs100-150 crore by selling a minority stake in its logistics division, according to two people aware of the development. The group has appointed a Chennai-based...
Buckeye Partners buys half of marine terminal company for $1.15 billion
Buckeye Partners LP (BPL.N), which operates pipelines and other transportation and storage assets for liquid petroleum products, said it bought a 50 percent stake in a marine terminal company for $1.15 billion. Buckeye...
Denmark’s DSV eyes more big acquisitions in fragmented freight market
Denmark’s DSV, which became the world’s fifth largest freight transportation company by buying up competitors, is considering more large acquisitions to expand in a fragmented market despite weak growth in...
Chinese regulators reviewing Uber-Didi merger
Chinese anti-monopoly regulators are reviewing the proposed merger of ride-hailing service Uber Technology Ltd.’s Chinese operations with its biggest local competitor. The Ministry of Commerce will look at whether...
Lyft is said to seek a buyer, with no success
New York: It is not an easy thing to be an independent ride-hailing company these days. For one, it takes billions of dollars and hundreds of employees to spread to new cities, to market the service and to recruit...
Ola’s non-compete pact with Didi tested in Uber China deal
Bengaluru/New Delhi: The sale of Uber’s China unit to local rival Didi Chuxing may violate the shareholder agreement the Chinese company signed with Ola, India’s largest cab-hailing service, according to official...
Hubei Yichang Transportation Group completes full acquisition of project company
Hubei Yichang Transportation Group Co Ltd : * Says the co completes acquisition of 35.31 percent stake in Hubei logistics firm (project company) * The project company becomes the wholly owned subsidiary of the...
