Kerry Logistics will acquire its South African competitor SAS in an extension of the trend towards big-buys-small consolidation seen in the freight forwarding sector this year. In that regard it follows DP-DHL’s recent Colombian acquisition. South African freight growth has been slow at just 4% in the past 12 months on a year earlier, though containerized freight has done better at 8%. The automotive industry is one area of focus for SAS where it may face challenges, particularly with the U.S. section 232 review looming. That could prove significant as autos and auto-parts accounted f...
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