Article by:
Ben Dummett
A.P.-Moller Maersk A/S agreed to buy LF Logistics for around $3.6 billion, in a move that would give the ocean shipping giant a network of warehouses in Asia and boost its footprint in inland logistics.
Maersk, which moves about a fifth of the world’s containers on its ships, has been reaping the benefits of the rattled global supply strains that have pushed up ocean freight rates to record levels this year and caused backlogs at U.S. ports. Read full real estate article here.
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