Loadstar posts

Supply chain radar: Here is what DSV + Panalpina means for the Ernst Göhner foundation

Here are some calculations based on DSV’s Sfr4bn proposal for Panalpina announced on Wednesday, and what it means for the Swiss company’s key shareholder – the Ernst Göhner foundation, which controls 45.9% of the target’s equity capital.
The numbers I ran suggest that, based on the Danish group’s initial approach, the Ernst Göhner foundation would retain a stake of about 7.7% in the combined DSV + Panalpina entity.
Crucially, Panalpina pays out hefty dividends …

The post Supply chain radar: Here...

https://theloadstar.co.uk/supply-chain-radar-here-is-what-dsv-panalpina-means-for-the-ernst-gohner-foundation/

Expansion-minded Xpediator in takeover talks with Slovenian operator Intereuropa

UK freight service provider Xpediator has confirmed it is in talks to buy Slovenian road transport operator and air and ocean freight forwarder Intereuropa.
In a London Stock Exchange announcement, Xpediator said it was in discussions with the Koper-headquartered firm to acquire its stock, although its property assets are likely to be excluded from the deal.
“There can be no certainty that these discussions will result in any agreement being reached with …

The post Expansion-minded Xpediator in...

https://theloadstar.co.uk/expansion-minded-xpediator-in-takeover-talks-with-slovenian-operator-intereuropa/

Supply chain radar: a Sfr200 a share bid for Panalpina? DSV (in) vs K+N (out)

Between CEVA Logistics and Panalpina, DSV perhaps chose the lesser evil, but the story within the story here is that the Danish company is very likely to outbid K+N for Panalpina under ‘any scenario’, according to most of my market sources, if K+N ever decides to engage in a bidding war.
Deal in the making
The foundation that controls ~ 46% of Panalpina is taking its time to decide what to do with …

The post Supply chain radar: a Sfr200 a share bid for Panalpina? DSV (in) vs K+N (out) appeared...

https://theloadstar.co.uk/supply-chain-radar-a-sfr200-a-share-bid-for-panalpina-dsv-in-vs-kn-out/

As automation advances, transport workers must be helped to develop new skills

Governments and industry must ensure access to the skills of the future as automation and artificial intelligence reshapes the transport sector, urges a new report.
More than 168 million people work in transport worldwide, with 87% making up the low- (15%) and medium- (72%) skilled workforce.
Jens-Uwe Schroder-Hinrichs, of the World Maritime University (WMU), said it would be these workers most affected by change.
However, he added: “The pace of introduction of these …

The post As automation...

https://theloadstar.co.uk/as-automation-advances-transport-workers-must-be-helped-to-develop-new-skills/

Logistics industry urges UK to prevent disorderly Brexit but vows to “clear up the mess”

The logistics industry has called on the UK government to ensure continued free trade and no “disorderly” exit from the EU, after politicians last night rejected the Brexit deal put forward by prime minister Theresa May. 
Ms May, who lost by 230 votes, now has just three days in which to come up with a plan B, while also fighting a vote of ‘no confidence’ in parliament. 
Forwarders have today urged the government to avoid a no-deal …

The post Logistics industry urges UK to prevent disorderly...

https://theloadstar.co.uk/logistics-industry-urges-uk-to-prevent-disorderly-brexit-but-vows-to-clear-up-the-mess/

2M makes Liverpool transatlantic TA4 call permanent

The UK port of Liverpool has secured a transatlantic service to the US east coast after the 2M partner of Maersk Line and MSC decided to make the temporary TA4 call permanent.
The service’s UK call had previously been Felixstowe, but the 2M partners switched it to Liverpool in July following the sustained congestion the east coast port suffered during the summer.
Asbjorn Kops, trade and marketing director of Maersk, explained: “Switching …

The post 2M makes Liverpool transatlantic TA4 call...

https://theloadstar.co.uk/2m-makes-liverpool-transatlantic-ta4-call-permanent/

Maersk to begin random container inspections over safety fears

Maersk Line is set to begin physically inspecting container contents as part of its efforts to stem the increasing numbers of fires that break out inside boxes during transit, as well as boxes in which cargo moves or is damaged due to not being lashed correctly.
Initially, the project will focus on shipments into and out of the US, it said.
“We have recently implemented a Physical Container Inspection Pilot within North …

The post Maersk to begin random container inspections over safety fears...

https://theloadstar.co.uk/maersk-to-begin-random-container-inspections-over-safety-fears/

DSV’s “opening gambit” for Panalpina could trigger rival bids

DSV’s offer yesterday of CHF170 per share for Panalpina – thought to be an “opening gambit” – would create the third largest global freight forwarder by revenue, behind DHL and Kuehne & Nagel.  
But analysts think DSV’s move, revealed last night by Loadstar Premium, could trigger a bidding war for the Swiss forwarder, with Kuehne + Nagel (K+N) most likely to show interest. 
Panalpina became a more attractive target after an activist investor, Cevian, which holds a 12% share, succeeded in...

https://theloadstar.co.uk/dsvs-opening-gambit-for-panalpina-could-trigger-rival-bids/

Supply chain radar: Panalpina takeover – here comes the bidding war

Klaus-Michael Kuehne is taking it personally, according to several market rumours, so I asked Mr Harper, a senior M&A market guru, what he made of the possibility of DSV losing out to Kuehne + Nagel in its pursuit for Panalpina.
When, in November, I wrote about a bidding war in the making for CEVA Logistics, (valued in the same ballpark as Panalpina, but with a fundamentally different capital structure) the part I …

The post Supply chain radar: Panalpina takeover – here comes the bidding war...

https://theloadstar.co.uk/supply-chain-radar-panalpina-takeover-here-comes-the-bidding-war/

Steady industry growth and surge in digitalisation a recipe for success at PSA

Singapore box terminal operator PSA handled 81m teu last year across its global network, growth of 9.1%, with international volumes increasingly dominating its throughput profile.
Its flagship Singapore terminals saw growth of 8.9%, to reach 36.3m teu, while its international facilities handled 44.69m teu, an increase of 9.3%.
Group chief executive Tan Chong Meng said, “2018 was a dual-speed year. The slow but steady pace of global container trade growth continued, despite …

The post Steady...

https://theloadstar.co.uk/steady-industry-growth-and-surge-in-digitalisation-a-recipe-for-success-at-psa/

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