Why freight brokers must stay the course on digital transformation

“When the going gets tough, the tough get going.” That saying is especially true this year with what companies across all industries, including freight brokers, are experiencing during the pandemic. What are the leaders in the industry doing? Are they hitting the pause button on their digital transformation efforts or accelerating them? What are they focusing on first and how do they prioritise what to work on next? Those are …

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On the wires: DSV focusing on organic growth? Shurely shome mishtake!

“In the third quarter of 2020, all three divisions delivered results above our expectations. Market conditions have been better than anticipated across most of our markets, and at the same time we benefit from efficient cost management. We are happy to announce that all material aspects of the Panalpina integration have now been successfully completed and we can now intensify the focus on organic growth.”
– DSV Panalpina (DSV PAN) …

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Against the odds: ‘Better, not Bigger’ at UPS, just not yet

What’s not to like about a company that posts a 16% year-on-year jump in quarterly revenues?
Umm, better ask UPS investors.
The Atlanta-based integrator released Q3 2020 figures at 0830ET on Wednesday and by 0930, the stock was off almost 7%.
(Premium shameless self-promotion: you’d have been prepared if you had read our Halloween run-up coverage on the eve of the Q3 ’20 results)
The stock – look at the chart above and spare …

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China-Europe landbridge ‘will become one of the world’s major tradelanes’

DSV’s new intercontinental road bridge between China and Europe aims to take pressure off air freight and increasingly busy rail services – but offers less environmental benefits than rail.
Transit times are between 14 and 18 days, on trucks that are equipped with GPS tracking.
DSV told The Loadstar that, while it was unable as yet to provide figures on potential capacity, it had “a lot available” for the DSV Silkway Express, …

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TT Club weighs in to help supply chain players with online guidance

Following calls that the supply chain sector needs to take Brexit preparations into its own hands, TT Club has announced the launch of a webpage offering “a wide variety of information that is likely to be of importance”.
The MD of loss prevention at the international freight transport insurer, Mike Yarwood, said: “There will be significant changes to the current processes of moving goods between the UK and the EU.
“All stakeholders involved …

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Analysis: CH Robinson in dire straits. Will the rope break?

If there is a tiny little scary consideration to be made on CH Robinson following its third-quarter (Q3 ’20) update released on Tuesday it’s that the 3PL, which is well known for financial discipline, didn’t manage to buck the trend of declining net revenues by accordingly and effectively adjusting its cost base in order to protect profits.
In a nutshell, whatever metrics should have grown in its portfolio didn’t, while all …

The post Analysis: CH Robinson in dire straits. Will the rope break?...

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M&A radar: Prime who? DSV Panalpina warms up for the main course

We all read the full release here before the stock markets opened on Wednesday: DSV Panalpina (DSV PAN) has acquired Denmark’s Prime Cargo from the Mitsui-Soko Group in Japan.
Firstly, the financials were undisclosed. Secondly, as broadly expected, its stock was unchanged in early trade, then falling almost 1% ever closer to Dkr1,000 before bouncing back closer to its previous close, while most markets, including US futures, are deeply in the red today as …

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Port of Halifax completes berth expansion and now eyes faster data flow

The Canadian port of Halifax has completed work on a berth expansion that allows it to handle two ultra-large container vessels (ULCVs) simultaneously at its South End container facility – now it is addressing the flow of information between port users.
The project had been in the making since January last year, when dredging began. A super post-panamax crane was installed in the summer, the fifth such crane at the port.
“The …

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Retailers eye online sales boom in ‘the first truly digital Christmas’

Peak season 2020 will prove a boon for online retailers, who expect an all-time high in e-commerce sales across the globe.
DHL Express has already reported a 35% spike in online volume growth over the course of the year and is now forecasting shipping volumes will be up 50% on 2019 as the pandemic drives more consumers online.
“Covid-19 and its impacts such as curfews or distancing led to massive changes in the retail sector all …

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Supply chain radar: A nail-biting Halloween run-up for UPS, CH Robinson & DSV…

Here we go again: after a memorable run over the past several weeks and months, UPS, CH Robinson and DSV Panalpina announce their interim results over today (and tomorrow; the Americans) and Thursday (the Danes).
There are things we all eagerly await to hear from each management team, chiefly concerning capital deployment strategies alongside, of course, quarterly performances.
Recap
DSV Panalpina (DSV PAN) has already (sort of) promised a meaningful buyback announcement on …

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