ABX touted out

ABX Logistics is being offered up to global freight companies, as owner 3i Group Plc prepares to sell its assets.

The business could fetch up to 600 million euros, according to analysts, as global demand for freight services rises.

The Asia-Pacific region accounted for 45 per cent of ABX’s total in 2007, making it an attractive acquisition.

Laurent Levaux has led ABX Logistics as chief executive officer since March 2003 and oversaw its privatisation when 3i bought it from Belgium’s national railroad company SNCB Holding in 2006. Its majority shareholders are 3i and the management of ABX Logistics.

Share this story

Related Topics

Latest news

IBS and PayCargo announce new partnership

By Rachelle Harry

Air cargo platform IBS Software and digital payment system PayCargo have announced a partnership in which their API-based services will…

Read More

Share this story

DHL turns to charter flights and rail to avoid capacity crunch

By Damian Brett

DHL Global Forwarding is utilising charter flights and rail services from China to keep coronavirus-related supply chains moving in light…

Read More

Share this story

Priority Freight expands Europe network with new Frankfurt office

By Rachelle Harry

Logistics provider Priority Freight has expanded its presence in Europe with a new office located at Frankfurt Airport. The company named…

Read More

Share this story