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All thawed out (Photo: Chiquita Brands International) Bananas for all is something that Chiquita takes very seriously. Its ongoing partnership with Daikin Reefer has been holding strong since 2018. That’s nearly six years of collaboration to give bananas to the world, more specifically North America. Chiquita uses Daikin’s ZeSTIA reefer units, which Chiquita says are…
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German national railway Deutsche Bahn AG and transport and logistics provider DSV of Denmark on Friday said they have signed an agreement for DSV to acquire DB’s logistics subsidiary Schenker for an estimated $15.84 billion. DB said interest income until completion of the sale could push the value to $16.4 billion. DSV said in a…
Pam Transportation Services announced Monday after the market close that first-quarter earnings were roughly half the prior-year result. The Tontitown, Arkansas-based truckload carrier reported adjusted net income of $12.7 million, or 57 cents per share. That compared to one analyst’s estimate of 42 cents per share and $1.18 a year ago. The adjusted number excluded…
Electric delivery van manufacturer Arrival could get a new financial lease on life via a second special purpose acquisition company merger. Experts say second-chance SPACs do occur, but they are rare. The merger between Luxembourg-based Arrival and Kensington Capital Acquisition Corp. V was announced after markets closed on Thursday. Kensington previously sponsored SPAC mergers with…