Klaus-Michael Kuehne’

On the wires: The Kuehne + Nagel shrinkage continues – where to now?

“Kuehne + Nagel (K+N) has announced that it has signed over four of its distribution hubs in France to local group STG as part of the ongoing restructuring of its contract logistics division. The value of the transaction has not been disclosed. Covering 55,000 sqm and employing 244 staff, the four facilities – at Saint Jory, Vallet, Wissous, and Longvic – handle fresh food products for supermarket retailers.” – Lloyd’s Loading List, 3 …

The post On the wires: The Kuehne + Nagel shrinkage...

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M&A radar: German regulator stirs as Hapag sheds €17bn in a fortnight

You probably remember the nice little chart below posted by Alphaliner last week, where the research house pointed out that Germany’s Hapag-Lloyd was worth as much as several of the world’s ocean container shipping companies combined.
Throw it away.
Oh dear
As I told somebody on the day that chart was published, Hapag had already lost about €6bn of value.
Believe it or not, its stock – at one point earlier this month trading …

The post M&A radar: German regulator stirs as Hapag sheds €17bn in a...

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EXCLUSIVE Market Insight: Among the Big Four, here’s how Kuehne will cut that workforce

Interpretation and strategic interaction amongst somewhat irrational decision-makers  – we have seen it all over the last few days from Kuehne, DHL, Schenker and DSV.
Define that, when it comes to game theory, and it all boils down to talent, power and “brashness”. That’s how one trusted K+N insider defined owner Klaus-Michael Kuehne’s attitude alongside “his brilliance” after a key quote from a glorious interview that did the rounds at the …

The post EXCLUSIVE Market Insight: Among the Big...

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Supply chain radar: Hapag-Lloyd up over 300% in a year – not even Netflix does that

“Seen the price of Hapag-Lloyd today?” one source asked towards the end of the trading session on Friday, when the shares of the German carrier traded over €120 apiece.
You read it right: €120. That’s about $24bn in market cap, a near-30% premium against the value of Maersk’s container shipping assets PLUS all the other operations under its umbrella (terminals, logistics, towage and so forth).
“Klaus-Michael Kuehne is a genius” was my …

The post Supply chain radar: Hapag-Lloyd up over 300% in a...

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On the wires: As all hell breaks loose, Kuehne + Nagel shows how it’s done

“Due to the uncertainties surrounding the further development of the Covid-19 pandemic and the current economic environment, the board of directors will propose to the annual general meeting 2020 to carry forward the retained earnings for the period ending December 31, 2019 to new account and not to resolve a dividend at this annual general meeting. Kuehne + Nagel thus further strengthens an already robust level of liquidity, adding support …

The post On the wires: As all hell breaks loose,...

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Supply chain radar: Klaus-Michael Kuehne – head and shoulders above all

“Know what you own, and know why you own it.” – Peter Lynch
Kuehne + Nagel (K+N) is one of a kind among its peers.
Yet the best way to assess what it’s up to is to start with the very basics, gauging the stock performances of the all the major asset-light transport operators in the Western world, take it from XPO Logistics and determine whether its latest overly conservative capital allocation …

The post Supply chain radar: Klaus-Michael Kuehne – head and shoulders above all appeared first on The...

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On the wires: Pyrrhic victory for ex-growth K+N is symptomatic of things to come

“In a changing market, we continued to see our strategy yield success. In seafreight and overland, our focus on customer service, cost-effectiveness, operational systems, and digitalisation has once again paid off. We managed to keep results stable in the more volatile airfreight business. In contract logistics, the restructuring of the product, customer and real estate portfolios led to a considerable improvement in results.”
– Detlef Trefzger, CEO of Kuehne + …

The post On the wires: Pyrrhic...

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On the wires: Klaus-Michael Kuehne focuses on capital strength ahead of a ‘large’ M&A transaction?

“In an interview with German newspaper FAZ, K+N’s majority owner Mr Kuehne mentioned that he favours a balanced dividend pay-out policy so that K+N can build up reserves.” – UBS, 21 January. 
Just a quick take on Kuehne + Nagel (K+N) as once again this week the Swiss 3PL is under the spotlight, following a short note published on Tuesday by UBS analyst Sebastian Vogel, who wrote that “K+N’s payout ratio has …

The post On the wires: Klaus-Michael Kuehne focuses on capital strength ahead of a...

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On the wires: K+N’s latest bolt-on – something for DSV Panalpina to worry about?

“Kuehne + Nagel will acquire the overland and logistics activities of Rotra. The seafreight and airfreight as well as the container terminal activities will remain with the current owners. The acquisition is subject to customary closing conditions, including merger clearance by the competent competition authorities.” – Kuehne + Nagel (K+N), 19 November 2019.  
K+N and its new fast-growing rival DSV Panalpina seen through the lenses of their own deal-making?
One is …

The post On the wires: K+N’s...

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