Spain’s Noatum Logistics acquiring U.S.-based MIQ

The workforces of both companies will be integrated after the sale closes, which is expected in the coming weeks.

Spain’s Noatum Logistics acquiring U.S.-based MIQ

The workforces of both companies will be integrated after the sale closes, which is expected in the coming weeks.

Spain’s Noatum Logistics acquiring U.S.-based MIQ

The workforces of both companies will be integrated after the sale closes, which is expected in the coming weeks.

 

   Noatum Logistics, the Naotum Maritime division specializing in logistics, international transport and customs, has signed a definitive agreement to acquire the third-party logistics company MIQ Logistics, both companies announced Thursday in press releases.
    Terms of the acquisition were not disclosed, but the agreement is expected to close in the coming weeks. With a consolidated turnover of more than $600 million, Noatum Logistics, headquartered in Spain, will have a presence in 24 Asian, European, Latin American and North American countries.
    The workforces of MIQ Logistics, based in Overland Park, Kan., and Noatum Logistics will be integrated as there is no geographical overlap except in Chile, where the services complement each other, according to the Noatum press release.
    MIQ Logistics, which offers logistics solutions supported by Web-native technology, has 15 locations in the United States, 26 in Asia, 13 in Latin America and eight in Europe.
   

My fear is that we could have another cycle where freight pulled forward and that we have an extremely early peak this year.

Union Pacific’s net income for Q1 2019 reached $1.4 billion, while CSX’s stood at $834 million and KCS’ totaled $103 million.

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Spain’s Noatum Logistics acquiring U.S.-based MIQ

The workforces of both companies will be integrated after the sale closes, which is expected in the coming weeks.

Mar 21, 2019 on Dec 27, 2018AmericanShipper.com

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Spain’s Noatum Logistics acquiring U.S.-based MIQ

The workforces of both companies will be integrated after the sale closes, which is expected in the coming weeks.

Mar 21, 2019 on Dec 27, 2018AmericanShipper.com