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Maersk Buying Pilot Freight Services for $1.68 Billion

When it’s deliver-or-die, supply chains become the lifeblood of a company. To that end, the fashion industry has embraced technology to navigate today’s hyper-complicated supply chain, with myriad solutions shaping the first, middle and last mile. Call it Sourcing 2.0.

A.P. Moller-Maersk said it was acquiring Pilot Freight Services, a U.S.-based first, middle and last mile, as well as border crossing, solutions provider specializing in the big and bulky freight segment in North America for B2C and B2B distribution models, from ATL Partners and British Columbia Investment Management Corporation. The transaction price is $1.68 billion,…

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