senator

Maersk buys German forwarder in airfreight drive

AP Moller – Maersk (Maersk) is to buy German-based forwarder Senator International, for about US$644 million. Founded by Uwe Kirschbaum in 1984, it has grown to a sizable global freight forwarder with a particular emphasis on airfreight. It operates a significant part of its business through a dedicated air bridge using 19 weekly flights. Maersk’s ambition is likewise to have approximately one third of its annual air tonnage carried within its ... [+]