Zim says reviewing buyout offers, including one from CEO
Eli Glickman’s buyout proposal first surfaced in Israeli media reports back in August, with his offer said to be around $20 per share, which would value Zim at $2.4 billion.
Eli Glickman’s buyout proposal first surfaced in Israeli media reports back in August, with his offer said to be around $20 per share, which would value Zim at $2.4 billion.
The retailer is on pace to cut 15% of its SKUs by the end of 2025 while upgrading demand planning, allocation and replenishment.
While liners will remain in the black this year, the growing capacity overhang and weak demand expectations will undermine rate-increasing efforts through 2026, analysts say.
Employers’ previous assumptions about how easily essential workers can be hired or replaced have become increasingly unreliable, according to a Josh Bersin report.
The Postal Service wants to accelerate growth in package shipping amid forecasted declines in its international business and other segments.
The retailer’s CFO said it’s unclear if the tailwind will persist in Q4 amid a volatile ocean market.
Projected global growth of grid-scale installations over the next five years indicates cargo volumes will rise dramatically with the continued investment in solar and wind energy.
The job protection deal with the International Brotherhood of Boilermakers is significant because previous rail mergers have led to overlapping operations and the consolidation of terminals, resulting in workforce reductions.
The Carney government outlined preliminary goals for a new logistics infrastructure fund that would help increase Canada’s trade outside of the US.
Freight forwarder sources believe ONE will attempt to tap US exports into the Middle East through Jebel Ali calls amid the ongoing slump in westbound volumes out of India.