Freight-forwarder Deutsche Post DHL has acquired Suppla in Colombia to expand its Latin American network. The move confirms the trend towards bolt-on deals in the forwarder sector rather than the large-scale consolidation that may have been expected from comments by DSV and others. It is also similar to moves made by COSCO Shipping and NYK. While Suppla is domestically focused it will bring additional customer opportunities to DP-DHL for international shipping. Colombia has seen rapid trade growth with a 17% rise in exports in the past year, led by a 19% rise in maritime freight. The nee...
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