• ITVI.USA
    13,754.510
    83.820
    0.6%
  • OTRI.USA
    21.920
    -0.140
    -0.6%
  • OTVI.USA
    13,721.420
    82.630
    0.6%
  • TLT.USA
    2.840
    0.040
    1.4%
  • TSTOPVRPM.ATLPHL
    2.480
    -0.170
    -6.4%
  • TSTOPVRPM.CHIATL
    3.070
    -0.210
    -6.4%
  • TSTOPVRPM.DALLAX
    1.370
    -0.090
    -6.2%
  • TSTOPVRPM.LAXDAL
    2.280
    -0.210
    -8.4%
  • TSTOPVRPM.PHLCHI
    1.900
    -0.070
    -3.6%
  • TSTOPVRPM.LAXSEA
    2.720
    -0.270
    -9%
  • WAIT.USA
    127.000
    0.000
    0%
  • ITVI.USA
    13,754.510
    83.820
    0.6%
  • OTRI.USA
    21.920
    -0.140
    -0.6%
  • OTVI.USA
    13,721.420
    82.630
    0.6%
  • TLT.USA
    2.840
    0.040
    1.4%
  • TSTOPVRPM.ATLPHL
    2.480
    -0.170
    -6.4%
  • TSTOPVRPM.CHIATL
    3.070
    -0.210
    -6.4%
  • TSTOPVRPM.DALLAX
    1.370
    -0.090
    -6.2%
  • TSTOPVRPM.LAXDAL
    2.280
    -0.210
    -8.4%
  • TSTOPVRPM.PHLCHI
    1.900
    -0.070
    -3.6%
  • TSTOPVRPM.LAXSEA
    2.720
    -0.270
    -9%
  • WAIT.USA
    127.000
    0.000
    0%
American Shipper

WINCANTON COMPLETES TAKEOVER OF P&O TRANS EUROPEAN

WINCANTON COMPLETES TAKEOVER OF P&O TRANS EUROPEAN

   Wincanton PLC, a British logistics service provider, has completed the takeover of the contract logistics business of the London-based shipping and ports group Peninsular and Oriental Steam Navigation Co.

   Wincanton has paid the P&O group '152.5 million ($244 million) in cash for the acquired business, which trades under the name P&O Trans European.

   The group’s contract logistics arm, the main activity of P&O Trans European, provides third party logistics services and supply chain management in Europe. The contract logistics business has revenues of '746 million (about $1.2 billion) and employs over 7,000 staff. The sale does not affect P&O Trans European’s smaller unit load transport division, called Ferrymasters, which remains within the P&O group.