2010-02: Private equity takes aim at freight logistics
BANGALORE (Reuters) - Private equity firms are expected to steadily increase their investment in the U.S. logistics services industry from 2010 as the freight business shows signs of stabilizing and the industry prepares for a wave of consolidation.
The past month alone saw three private equity (PE) transactions in the logistics industry, which had seen a lull in deal activity since freight volumes began to drop in the fourth quarter of fiscal 2007.
Logistics services -- the management of freight movement -- include freight brokers and third-party logistics firms such as C.H. Robinson Worldwide (CHRW.O), Hub Group (HUBG.O), Landstar (LSTR.O) and Pacer International (PACR.O).
