Kuehne+Nagel acquires US-based IMC Logistics [Yahoo! Finance]
Freightcar America, Inc. (RAIL)
Last freightcar america, inc. earnings: 2/26 08:06 pm
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Source: Yahoo! Finance
Switzerland-based Kuehne+Nagel will acquire 51% of privately held IMC, which specializes in end-to-end transportation solutions to or from seaports or rail hubs, customer facilities and inland in the U.S. K+N will retain the IMC brand. Financial details were not disclosed. Headquartered in Collierville, Tennessee, IMC is a longtime partner of K+N with 1,700 employees. It handles 2 million twenty-foot equivalent units annually and had revenue of around $800 million in 2023. K+N had revenue of $26.78 billion and net income of $1.64 billion in 2023. “The Kuehne+Nagel strategy is based on organic growth supported by targeted bolt-on acquisitions,” said Joerg Wolle, chairman of Kuehne+Nagel International AG, in a release. “Asia and North America are the key growth markets for our business, where we have established a leading position which we systematically expand. Acquiring a majority stake in IMC represents another important strategic step. We are further expanding our leading pos
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RAIL
Earnings
- 11/12/24 - Beat
RAIL
Sec Filings
- 11/12/24 - Form 8-K
- 11/12/24 - Form 10-Q
- 11/1/24 - Form 8-K
- RAIL's page on the SEC website