BDP International

PSA Cargo Solutions and BDP International form new brand

PSA International’s business unit, PSA Cargo Solutions (Cargo Solutions) will combine with PSA’s subsidiary BDP International to form a new brand, named PSA BDP.

The new company will be led by Mike Andaloro who will serve as PSA BDP’s CEO. At the same time, he will lead the new company’s Sales and Operations.

Earlier in April 2022, PSA International bought BDP and the new PSA BDP brand aims to blend the complementary strengths and capabilities of both companies.

Since the acquisition, Cargo...

https://container-news.com/psa-cargo-solutions-and-bdp-international-form-new-brand/

PSA acquires 2nd Port of Halifax container terminal

With its acquisition of Ceres Halifax, PSA International will operate two container terminals in Nova Scotia, Canada.

PSA announced late last week that it had acquired the Fairview Cove terminal at the Port of Halifax from Nippon Yusen Kabushiki Kaisha. It already owned the Atlantic Hub terminal, which it acquired in 2019, and will operate both facilities as PSA Halifax.

Terms of the transaction were not disclosed.

“With one dedicated ILA workforce and an efficient facility comprising both...

https://www.freightwaves.com/news/psa-acquires-2nd-port-of-halifax-container-terminal

Mega port operator PSA to buy US freight forwarder BDP

Aerial view of a a vessel tied up to wharf with big cranes while a special ship transports big ship cranes down the middle of a waterway.

PSA International, a global port operator owned by the Singaporean government, said Wednesday it has agreed to acquire Philadelphia-based freight management company BDP International, building on the trend of asset-based transportation providers expanding to offer customers an end-to-end logistics services.

PSA is the largest container terminal operator in the world based on throughput. Last year it handled 86.8 million twenty-foot equivalent units.

BDP, which is owned by New York-based private...

https://www.freightwaves.com/news/mega-port-operator-psa-to-buy-us-freight-forwarder-bdp

Against the odds: No rat traps sprung as BDP sale saga ends with PSA biting

I almost – damn it, damn it, damn it! – reached my final ‘M&A destination’ yesterday, having thought and mused and talked relentlessly about the BDP International takeover for about 15 hours, until late evening…

… when some rather colourful remarks were shared, internally at Premium, by yours truly – given that it was all so strangely quiet for a classic forwarder/3PL + forwarder/3PL deal… about happen, according to sources.
“Someone said it’s …

The post Against the odds: No rat traps sprung as...

https://theloadstar.com/against-the-odds-no-rat-traps-sprung-as-bdp-sale-saga-ends-with-psa-biting/

PSA inks acquisition agreement for BDP International

The global port and terminal operator PSA International has signed an agreement to completely acquire the shares of the privately-held BDP International, from New York-based private equity firm Greenbriar Equity Group (Greenbriar).

The transaction is subject to formal approvals by the relevant authorities and
other customary closing conditions.

The Philadelphia-based BDP is a global, integrated supply chain, transportation and logistics solutions provider with 133 offices worldwide, managing the...

https://container-news.com/psa-inks-acquisition-agreement-for-bdp-international/

Market Insight: Claw sharpening – Mærsk & Asia M&A, K+N CEO and more

There has been lots on Premium‘s (logistics) plate since last Friday.
From strongly rumoured interest by AP Møller-Mærsk (APMM) in Asian deal-making to Kuehne + Nagel initiating managerial changes, via Worldwide Flight Services affairs and the latest radio silence concerning CH Robinson + BDP International… as well as, take a breath… a slew of other side (Toll Group) chats that were unmissable for all supply chain Bengal baby tiggers like us.
Also …

The post Market Insight: Claw sharpening –...

https://theloadstar.com/market-insight-claw-sharpening-maersk-asia-ma-kn-ceo-and-more/

M&A radar: Who’s next?

That’s the most recurring question in our logistics circles, mainly spanning: targets for the logistics integrators (no concrete rumours so far); which freight forwarder is soon to be targeted (several unreliable suggestions, but some obvious names stand out); an apparent lack of combinations elsewhere in container shipping that brings only hypothetical scenarios to the fore (one is particularly explosive, but the fireworks are for another time).
So here’s a shortlist of some …

The post M&A...

https://theloadstar.com/ma-radar-whos-next/

MODE Transportation names new president and CEO

MODE Transportation announced Wednesday that Lance Malesh has been appointed president and chief executive officer of the company.

Malesh replaces Jim Damman, who has led MODE as president and CEO for over 15 years. Damman has been appointed chairman of the company. 

“It was important to me to find a strong successor to lead the great people at MODE Transportation into the future, and I am confident that Lance will accomplish great things at MODE,” Damman said in a release. “I look forward to...

https://www.freightwaves.com/news/mode-transportation-new-ceo

3PLs prepare to catch Damco shippers jumping ship

container terminal

A.P. Moller-Maersk’s (OTCMKTS: AMKBY) announcement earlier this week that it will integrate the air cargo and less-than-container-load (LCL) services of its subsidiary Damco into the Maersk brand has some customers checking their options.

Shippers remain unclear how the absorption of Damco into Maersk will impact their overall logistics contracts with the longtime third-party logistics services provider (3PL), as well as what will happen to the customer service staff who were dedicated to their...

https://www.freightwaves.com/news/3pls-prepare-for-damco-shippers-jumping-ship

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