Market Insight

Supply chain radar: the CMA CGM /CEVA saga reaches a new level

One of my City sources got in touch today, as soon as takeover target CEVA Logistics released its update on guidance, latest corporate events and pipeline, with the blessing of CMA CGM.
This is an M&A story to live or die for, at least for those who thoroughly follow these matters within logistics.

PR stunt? 
Mr Arbitrageur, who recently joined my gang, is a City broker who makes money out of deal-making. The more the merrier …

The post Supply chain radar: the CMA CGM /CEVA saga reaches a new...

https://theloadstar.co.uk/supply-chain-radar-cma-cgmceva-logistics-saga-reaches-new-level/

Supply chain radar: All ready for CMA CGM’s big day

Now, I don’t know if this earnings season has been good so far because oil prices plummeted, or because supply chain affairs may have become easier to predict after AP Møller-Maersk Group (APMM) and Hapag-Lloyd didn’t deliver any nasty surprises earlier this month. But I know that CMA CGM’s third-quarter update, due today after the bell, could be the long-awaited cherry on the cake in container shipping. 
 
Growth should be …

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https://theloadstar.co.uk/supply-chain-radar-showdown-time-cma-cgm-pending/

Supply chain radar: Why Nestlé locked horns with ocean carriers

The fact that a shipper of Nestlé’s calibre and size complains publicly about the standards in the container shipping industry is disturbing, to say the least, so when its executives speak up, you had better listen to what they have to say.
“With half a million containers on the oceans every year, Nestlé is considered a VIP customer in the liner industry,” ShippingWatch reported on Thursday, adding that, however, the “food producer is …

The post Supply chain radar: Why Nestlé locked horns with...

https://theloadstar.co.uk/supply-chain-radar-nestle-locked-horns-ocean-carriers/

Supply Chain Radar: after trouble for CEVA & XPO, how exposed is K+N’s portfolio of clients?

Swiss transport behemoth Kuehne + Nagel is often named by sources concerned with counter-party risk – and the damage it could bring. Which, after the impact of problematic clients on the financials of XPO Logistics and CEVA Logistics in Q3, is no trivial matter.
XPO stays bullish, despite a $15m hit from a client bankruptcy, which forced it to opt for a more conservative guidance for key financial metrics, that so far have determined …

The post Supply Chain Radar: after trouble for CEVA & XPO,...

https://theloadstar.co.uk/ceva-xpo-exposed-credit-risk-kns-portfolio-clients/

Market Insight: as hungry XPO eyes takeover targets, Ryder comes into view

From hungry hunter to possible prey – if the price is right: the corporate story of US-based XPO Logistics has no equal in logistics.
Led by a star executive, Brad Jacobs, the firm has so many capital allocation cards to play, that despite a stated mission of pursuing large acquisitions, it could well end up opting to invest top dollar in organic growth measures all the way through to the end of …

The post Market Insight: as hungry XPO eyes takeover targets, Ryder comes into view appeared first...

https://theloadstar.co.uk/market-insight-hungry-xpo-eyes-takeover-targets-ryder-comes-view/

Supply Chain Radar: does CEVA’s Q3 update make a counterbid by DSV less likely?

French carrier CMA CGM must publish by 30 November the full details of its offer for CEVA Logistics, currently priced at CHF30 a share. So what is my take, and the feedback I have received in the past 24 hours?
CEVA’s days as a standalone, viable entity are numbered, judging by its third-quarter update released on Thursday.
In a nutshell, the firm is growing in a market where less profitable growth is harder …

The post Supply Chain Radar: does CEVA’s Q3 update make a counterbid by DSV less...

https://theloadstar.co.uk/radar-ceva-q3-makes-counterbid-dsv-likely/

Market Insight – DHL Global Forwarding back with a bang: could an IPO be its next move?

(Note for the reader: DGF in this story refers to both freight and forwarding activities, which report separately but are under the same division)
Trying to predict the unpredictable is a fools’ mission, but some signs do not pass unnoticed – and in the case of DHL Global Forwarding, that’s 237m signs.
In less than 16 months, under the stewardship of ex-Kuehne + Nagel air freight head Tim Scharwath, the tide has …

The post Market Insight – DHL Global Forwarding back with a bang: could an IPO be...

https://theloadstar.co.uk/market-insight-dhl-global-forwarding-back-bang-ipo-next-move/

Market Insight: DSV vs CMA CGM & CEVA – a bidding war in the making

DSV’s last word on CEVA Logistics was on Tuesday, before CMA CGM’s surprising offer emerged today, when the Danish logistics firm indicated it had given up in its pursuit.
“Based on the unwillingness of the board of directors of CEVA to engage directly with DSV at the price per share offered, we have decided not to pursue an acquisition of CEVA.”
But today came another twist, and the mating game became a minefield …

The post Market Insight: DSV vs CMA CGM & CEVA – a bidding war in the making...

https://theloadstar.co.uk/market-insight-dsv-vs-cma-cgm-ceva-bidding-war-making/

Market Insight: CEVA convinced it is on the right course, but DSV may call back

A call with a London-based financial broker closely monitoring the DSV/CEVA situation strengthened my conviction that there is a near-zero chance DSV will improve its initial bid, CHF27.75 a share, immediately rejected by the CEVA Logistics board last week.
A number of my freight forwarding sources believe DSV will return with an improved offer, and quickly; but institutional investors and the brokers working on their behalf believe otherwise.
One told me DSV would …

The post Market Insight:...

https://theloadstar.co.uk/market-insight-ceva-convinced-right-course-dsv-may-call-back/

Market Insight: APMM restructure may be a real opportunity for Kuehne

Opportunity is knocking for Klaus-Michael Kuehne, honorary chairman and majority shareholder of Kuehne + Nagel (K+N), who might find himself tempted to stamp his final mark on the industry he has helped build and develop into a completely different beast during an unrivalled 60-year career at the Swiss logistics behemoth.
APMM, again
In July I wrote that Mr Kuehne could be remembered as the man who sorted out the most complex consolidation puzzle in …

The post Market Insight: APMM restructure...

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