Panalpina has claimed it spent the second quarter defending itself against “aggressive” competition to cover an undeniable dip in profits over the six months as the acquisition by DSV loomed.
Speculation is mounting that the Danish forwarder may wrap up its acquisition of Panalpina next month, despite initial predictions of an October completion.
Panalpina chief executive Stefan Karlen today suggested the deal had led the competition to act.
“After it was announced that ...
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