Kuehne+Nagel to acquire Apex

Swiss logistics company Kuehne+Nagel has agreed to acquire Apex Logistics, one of the largest Asia-based freight forwarders, in a deal set to position the Swiss company as the world’s largest airfreight forwarder. The companies declined to disclose financial details of the deal, but Apex was valued at around $1.5 billion in a Bloomberg report. The […]