Phoenix International reportedly for sale

Services

Wednesday, June 20, 2012

Chicago-based freight forwarder Phoenix International is reportedly exploring a $500 million sale, according to a report this week by Reuters . The deal for the non-asset-based logistics company comes in the wake of Arkansas Best’s recent $180 million of Panther Expedited Services. The report listed a string of the top global logistics companies as potential suitors for Phoenix International. The forwarder did not respond to a request for confirmation of the news...

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