DHL Express (USA) has agreed to pay US$53 million to resolve an antitrust class action accusing the express company and others of participating in an international price-fixing scheme, according to documents filed this week in New York federal court. If approved, the settlement would allow DHL to exit the long-running litigation filed in 2008. As part of the deal, DHL has agreed to aid the plaintiff’s claims against the lone remaining defendant, Hellmann Worldwide Logistics Inc., although a … [Read more...] about DHL to pay $53m to settle price-fixing suit
DSV
UTi Worldwide acquired by Denmark’s DSV
UTi Worldwide Inc, a global supply chain services and solutions provider, today announced it has entered into a definitive agreement to be acquired by DSV. DSV, headquartered in Denmark, is a global supplier of transport and logistics services with 530 offices and 130 logistics facilities in 75 countries. The transaction, which was unanimously approved by both UTi and DSV's Boards of Directors, is valued at approximately US$1.35 billion which represents a 34 per cent premium over the 30-day … [Read more...] about UTi Worldwide acquired by Denmark’s DSV
UTi Worldwide acquired by Denmark's DSV
UTi Worldwide Inc, a global supply chain services and solutions provider, today announced it has entered into a definitive agreement to be acquired by DSV. DSV, headquartered in Denmark, is a global supplier of transport and logistics services with 530 offices and 130 logistics facilities in 75 countries. The transaction, which was unanimously approved by both UTi and DSV's Boards of Directors, is valued at approximately US$1.35 billion which represents a 34 per cent premium over the 30-day … [Read more...] about UTi Worldwide acquired by Denmark's DSV