Chasing nickels around dollar bills is the name of the game with DSV and Panalpina (PAN) now, with the shares of both 3PLs under significant pressure – each down ~ 4% at midday GMT – as the financial markets caught up with the hard reality that nothing has changed since yesterday – yes, nothing.
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https://theloadstar.co.uk/supply-chain-radar-dsv-panalpina-stick-or-twist/
Market sources close the Sfr4bn takeover of Panalpina (PAN) by DSV have said that the board of directors of the Swiss 3PL are set to formally reject the Danish company’s initial proposal, which was offered at Sfr170 a share.
“DSV has already offered significantly more than Sfr170 a share, looking to pay Sfr200-plus a share, but it’s not about the money.
“There is emotional attachment to the PAN story, and for DSV, well …
The post Supply chain radar: Panalpina board set to reject DSV’s proposal –...
“Panalpina in serious negotiations for a sizeable takeover”– Mr Benchmark.
I do not believe Swiss 3PL Panalpina is ready to grow inorganically by striking a large deal, such as one worth $1bn or more.
M&A could easily backfire, given likely execution risk, as large acquisitions are not in its DNA. Still without clear board leadership, it could self-harm its market valuation, if investors, as is likely, don’t digest a sizeable deal.
Surely, it is …
The post Market insight – is Panalpina readying...
https://theloadstar.co.uk/market-insight-is-panalpina-readying-for-acquisitive-growth/
Agility, one of the world’s largest logistics companies, said it will invest $100 million over three years to launch Shipa.com, a digital logistics platform that lets businesses, entrepreneurs and consumers manage their freight, e-commerce, and urban deliveries online.
“Shipa.com makes life easier through technology, whether you are a small business running your supply chain with a few clicks, or a consumer getting your shopping delivered with a few taps on your phone,” Agility Chairwoman Henadi...
http://container-news.com/agility-shipa-digital-logistics-platform/
While uncertainty in global trade is proving prosperous for the forwarding community, legacy forwarders appear to have now fully realised the threat posed by online platforms.
A Logistics, Trends, and Insights (LTI) report claims traditional players have made “significant investments” to offset threats from online operators entering the $220bn global market.
“Many legacy forwarders have launched their own online platforms, which they believe presents an opportunity to attract...
https://theloadstar.co.uk/traditional-forwarders-beginning-see-threat-online-platforms/
Every day sees the freight industry become more digitised, with Agility the latest company to announce it is pumping money into technology with a $100m investment in its digital platform, Shipa.com.
The forwarder launched Shipa Freight earlier this year and now plans to extend its services to manage e-commerce and urban deliveries.
Shipa Freight was set up to cater for SMEs’ air, ocean, FCL and LCL loads. Under the Shipa.com brand, Agility will …
Agility posted its results this morning, revealing a KD20m ($65.7m) third-quarter net profit, up 12.3% year-on-year. Revenues rose 10%, while for the first nine months, net profit was up 19.7% to KD58.9m.
Agility Global Integrated Logistics saw gross revenues rise to KD292.2m, up 7%, in the third quarter. Net revenue increases (+5.15%) were driven by air freight, up 15.6% and contract logistics, up 6.4%. Ocean freight net revenue was up 4.2%.
“We …
The post Agility reports 12% Q3 earnings...
https://theloadstar.co.uk/agility-reports-12-q3-earnings-increase/