GLOBAL LOGISTICS ‘HANGOVER’
London…
New research by Transport Intelligence, contained within its recent report ‘Financial Ratio Analysis and Benchmarking of Global Transport & Logistics Sector Leaders 2010’, reveals that the logistics industry is still suffering a hangover from its acquisition binge over the past ten years.
The report, which analyses the annual results of 20 of the world’s largest freight transport and logistics companies, shows that a quarter of their assets are intangible, largely made up of ‘goodwill’ on acquisitions. The survey shows that of these companies’ total assets, over €25bn (23.5%) is made up of intangibles.
