It has been suggested that, as the sales process reaches its final round, as many as three interested parties remain as potential buyers. It was reported that Centerbridge Partners has aligned itself with Jim Crane, Chairman of Crane Worldwide, and former Chairman, CEO, and majority shareholder of Eagle Global Logistics (EGL) prior to its sale to Ceva Logistics in 2007.Following the sale of Eagle, Jim Crane went on to found logistics and customs brokerage company, Crane Worldwide.
Japan’s Yusen Logistics announced that it will appeal an anti-monopoly lawsuit The company was among 12 forwarders ordered by the commission to pay a total of $113.2m in fines.
Yusen’s fine, imposed in March 2009, was for $21.6 million for its alleged role in a cartel to raise air freight prices by adding fuel surcharges and airport security charges to its services.
In July, the JFTC dismissed a Yusen Logistics appeal against the fine.
Yusen said it was “unable to accept the correctness” of this judgement and said it had resolved to commence a lawsuit in the Tokyo High Court, “seeking to have the decision overturned."
"With its 30 employees ECS covers following departments: production, installation, control engineering and service. For the future, ECS has the ability to access directly all data of the parent company Gebhardt in Sinsheim, "said Fritz Gebhardt, Gebhardt Group Managing Director.