Team Lines to cease trading
Hamburg-based Team Lines will cease trading from February 11, parent company managing director Alexander Saverys confirms. “The whole common feeder market has shrunk tremendously and we are unfortunately a victim of that,” he argues
Demise of Team Lines confirms pace of consolidation in feeder segment, with Unifeeder acquiring IMCL in 2010, Feederlink in 2012, Unimed in 2013 and Tschudi in 2015, before itself being acquired by DP World last year