Facebook Pinterest Search Icon SourcingJournal_horiz Tumbler Twitter Shape photo-camera graph-trend Shape latest-news icon / user

How Maersk’s Purchase of Performance Team Strengthens US Logistics and Fulfillment

Join Theory, Google, H&M, McKinsey, Foot Locker, Lafayette 148, LL Bean, the Retail Prophet and more at Sourcing Journal’s Virtual Sourcing Summit, R/Evolution: Overhauling Fashion’s Outmoded Supply Chain, Oct 14 & 15.

A.P. Moller-Maersk, one of the world’s largest ocean freight carriers, has reached an agreement to acquire Performance Team, a U.S.-based warehousing and distribution company, for $545 million, including 16 lease liabilities of around $225 million. The purchase strengthens Maersk’s capabilities as an integrated container logistics company, offering end-to-end supply chain solutions to its customers. As…

This content is for Annual and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or subscribe.

Log In Subscribe

More from our brands

Access exclusive content Become a Member Today!