DB Schenker took a $25 Million stake in….
DB Schenker took a $25 Million stake in the online freight booking platform uShip which has been around for more than 10 yrs. The real question is which platform will become dominant – there are quite a few all fighting for the same shippers and carriers. Here are some of the deals that have taken place recently:
- United Parcel Service Inc. bought Coyote Logistics for $1.8 billion in 2015, and participated in a $30 million funding round with Optoro Inc., a software firm specializing in retail returns in December
- C.H. Robinson Worldwide Inc., the largest trucking freight broker by revenue, bought Freightquote Inc. for $365 million in 2015
Many oil companies are faced with the question – pump or leave it in the ground? Exxon has decided, after spending $20 Billion on its oil sand deposits, to do the latter.