Sources in the container shipping industry are closely watching the latest development of many of their counter-parties in the freight forwarding trade, with ocean market leader Kuehne + Nagel drawing the attention of most of my contacts, for obvious reasons.
“K+N is cutting the fat to the bone in order to grow more aggressively, mainly in ocean as well as in air freight,” said the executive of a major rival freight …
The post Supply chain radar: K+N cuts the fat to the bone to grow...
Ceva Logistics’ board of directors has recommended shareholders not to accept this morning’s offer from CMA CGM of Sfr30 per share.
The board told shareholders its decision was “based on a comprehensive review of the revised business plan for the period up to 2023, developed with external advisors and based on an independent financial opinion.
“The valuation of the revised business plan indicates a midpoint value of Sfr40 per share, well above …
The post Ceva directors say shareholders should...
https://theloadstar.co.uk/ceva-directors-say-shareholders-should-reject-cma-cgm-takeover-bid/
A crucial earnings season begins next week for the companies on our radar.
As global supply chains are challenged by regionalisation and vertical integration of services and digitisation, among other exogenous factors, the fundamentals of most asset-light firms are a delicate margins-vs-volumes balancing act. Meanwhile, the container shipping companies and integrated logistics providers are, respectively, in transition mode and in a state of flux.
The spotlight next week, 29 January, will fall …
https://theloadstar.co.uk/supply-chain-radar-ch-robinson-opens-a-crucial-earnings-season-next-week/
DSV’s €3.5bn offer for Panalpina is a step too far for Kuehne + Nagel. Majority K+N shareholder Klaus-Michael Kuehne told the Handelszeitung paper, in rather a nice comment: “If the Danes absolutely want to buy a hopelessly overvalued Panalpina, then you can’t prevent it.” And according to Reuters he said its “operative potential” did not match its valuation.
However, that does not appear to be preventing Panalpina from seeking a higher …
The post Kuehne + Nagel bows out of ‘hopelessly...
https://theloadstar.co.uk/kuehne-nagel-bows-out-of-hopelessly-overvalued-panalpina-deal/
Possible conflict of interest considerations aside – here is an initiation note by UBS on Panalpina (PAN), dated 23 January – there are reasons to be cheerful about the DSV + Panalpina affair.
Reading the signs
For the record, our sources have confirmed that UBS is involved, advising Panalpina on DSV’s Sfr4bn bid. A few investors have told me that it would be strange if UBS was not restricted from coverage, which …
The post Supply chain radar: Panalpina bond note on Tuesday by UBS? The Swiss...
A response to DSV’s Sfr170 per share bid for Panalpina is expected on Friday – but analysts and investors are increasingly asking who, exactly, will respond.
Last week’s news that DSV was looking to buy the Swiss 3PL triggered a flurry of talk about the deal, while Panalpina issued a simple statement saying it was considering the merits of the offer.
However, crucially, there has as yet been no response from the …
The post DSV-Panalpina deal could get ‘messy’ as the offer is considered appeared...
https://theloadstar.co.uk/dsv-panalpina-deal-could-get-messy-as-the-offer-is-considered/
During the weekend I was rather entertained by AP Møller Mærsk subsidiary Twill’s latest affairs, and Amazon’s future dominance of the supply chain – a game that the Seattle-based behemoth would be crazy to play. And one that, given the signs and moves so far, it does not intend to play at all.
Those who suggest that the company led by star chief executive Jeff Bezos is likely to be a …
The post Supply chain radar: Amazon vs container shipping lines – you’re kidding, right? appeared first on The...
https://theloadstar.co.uk/supply-chain-radar-amazon-vs-container-shipping-lines-no-kidding-right/
Look closely, the frost could be thawing. The South China Morning Post reports that a deal between the US and the China may be in sight. However, it apparently hinges on China’s willingness to agree to regular checks on reforms and shorter timelines for rectifying trade imbalances. The news comes...
I am afraid this is a quick and dirty take with no numbers at all today – thank God is Friday, as my brain and calculators can barely cope with all the different scenarios I have investigated in the past 48 hours. The key takeaway?
DSV + Panalpina is going to happen, but spare a thought for CMA CGM...
Imperial Logistics International has appointed Sandro Knecht (pictured above, left) as chief commercial officer.
Mr Knecht joins from Ceva Logistics, where he spent seven years across various management positions, including MD of both Ireland and UK business.
Mr Knecht will take on responsibility for leading and managing business development.
Chief executive Hakan Bicil (above, right), himself recently appointed, said he was delighted to welcome Mr Knecht to the team.
“Sandro’s impressive...
https://theloadstar.co.uk/sandro-knecht-is-new-chief-commercial-officer-at-imperial-logistics/