CHEP South Africa has bought TNT Container Logistics for an undisclosed sum, effective since October 1.
The acquisition extends the companyÕs reach
into the IBC (Intermediate Bulk Container) market. Chep has always been involved in pallet rental.
Shanghai Containerized Freight Index (SCFI) spot rates collapsed on Pacific trade routes with a sharp decline of 31% to the US West Coast and 23% to the East Coast.