• ITVI.USA
    15,411.130
    -4.180
    0%
  • OTLT.USA
    2.740
    -0.021
    -0.8%
  • OTRI.USA
    21.110
    0.000
    0%
  • OTVI.USA
    15,375.870
    -11.650
    -0.1%
  • TSTOPVRPM.ATLPHL
    3.300
    0.000
    0%
  • TSTOPVRPM.CHIATL
    3.140
    0.190
    6.4%
  • TSTOPVRPM.DALLAX
    1.590
    0.150
    10.4%
  • TSTOPVRPM.LAXDAL
    3.330
    0.020
    0.6%
  • TSTOPVRPM.PHLCHI
    2.170
    0.020
    0.9%
  • TSTOPVRPM.LAXSEA
    4.080
    0.130
    3.3%
  • WAIT.USA
    125.000
    -1.000
    -0.8%
  • ITVI.USA
    15,411.130
    -4.180
    0%
  • OTLT.USA
    2.740
    -0.021
    -0.8%
  • OTRI.USA
    21.110
    0.000
    0%
  • OTVI.USA
    15,375.870
    -11.650
    -0.1%
  • TSTOPVRPM.ATLPHL
    3.300
    0.000
    0%
  • TSTOPVRPM.CHIATL
    3.140
    0.190
    6.4%
  • TSTOPVRPM.DALLAX
    1.590
    0.150
    10.4%
  • TSTOPVRPM.LAXDAL
    3.330
    0.020
    0.6%
  • TSTOPVRPM.PHLCHI
    2.170
    0.020
    0.9%
  • TSTOPVRPM.LAXSEA
    4.080
    0.130
    3.3%
  • WAIT.USA
    125.000
    -1.000
    -0.8%
American Shipper

PostNord to buy Swedish 3PL

   The Scandinavian postal company PostNord has signed a deal to acquire Green Cargo Logistics, considered the second largest third-party logistics company in Sweden.
   The deal is subject to regulatory approval.
   PostNord is the group formed from the merger of Sweden’s Posten and Denmark’s Post Danmark, and said the acquisition of Green Cargo Logistics is aimed to bring it a profitable arm in the space that is currently seeing growth.
   The deal is the latest move in an overall PostNord strategy of bolstering its logistics operations during a restructuring phase. The group has said it will shift the majority of its focus to these logistics offerings while streamlining and narrowing its efforts in the less profitable mail space.
   Green Cargo Logistics is a subsidiary of government-owned Green Cargo and it reached sales of SEK 1 billion ($150 million) with an operating profit of SEK 61 million ($9.1 million). It currently has 2.8 million square feet of operational space in locations such as Stockholm, Norrköping, Gothenburg, Helsingborg and Copenhagen.
   Henrik Höjsgaard will become chairman if Green Cargo Logistics passes approval, and the company will then be renamed under PostNord’s Logistics division. 
   Green Cargo currently operates about 60 percent of Sweden’s cargo transport and is selling off parts, such as its logistics branch, to increase its focus on rail transportation. In 2011, Green Cargo sold its road haulage business and shut down its ferry arm, with the hope of raising and saving money to invest in new locomotives.

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