Restructuring

American Airlines announces new cargo president

Looking up at a silver plane overhead coming in for landing at airport.

American Airlines (NASDAQ: AAL) on Tuesday promoted Jessica Tyler to president of cargo and vice president of airport excellence, tying together two inter-related groups and underscoring how members of the cargo team are taking on expanded roles as the company contracts to a more manageable size.

Tyler replaces Rick Elieson, who was named vice president of loyalty, overseeing the AAdvantage program.

The move is part of a broader restructuring of the leadership team and overall reorganization...

https://s29755.pcdn.co/news/american-airlines-announces-new-cargo-president

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...

https://theloadstar.com/on-the-wires-the-kuehne-nagel-shrinkage-continues-where-to-now/

Market Insight: DSV Panalpina – what is rumoured now in LCL is really painful. Or is just brave?

I have been bombarded in the past few hours about a strategic corporate development at DSV Panalpina that, in my personal view, is completely unexpected and could well mean the Danish 3PL behemoth might well be a bit troubled, as it appears to be cutting costs at the speed of light.
Enter “LCL” (Less Container Load): Here is what sources told Premium ahead of a rumoured internal announcement that is expected to …

The post Market Insight: DSV Panalpina – what is rumoured now in LCL is really...

https://theloadstar.com/market-insight-dsv-panalpina-what-is-rumoured-now-in-lcl-is-really-painful-or-is-just-brave/

EXCLUSIVE Market Insight: Agility by name and strategy in China

Only very recently Kuwait’s Agility reshuffled its leadership team in logistics, somewhat unexpectedly, as GIL leader Essa Al-Saleh stepped down from the CEO role – you read it here first, some days before the official announcement was made.
So in the spirit of trying to stay ahead of the curve – which makes us all at Premium feel very good in these difficult times – we have more Agility-related managerial restructuring news …

The post EXCLUSIVE Market Insight: Agility by name and strategy in...

https://theloadstar.com/exclusive-market-insight-agility-by-name-and-strategy-in-china/

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...

https://theloadstar.com/supply-chain-radar-klaus-michael-kuehne-head-and-shoulders-above-all/

ACL to file Chapter 11, reaches agreement with lenders

Photo by David Krapf

American Commercial Lines Inc. announced today that it has entered into a restructuring agreement with lenders on a prepackaged plan to recapitalize the business and significantly reduce the company’s debt. Under the terms of the plan, Jeffersonville, Ind.-based ACL will receive $200 million in new capital to support liquidity and investments in the business. In addition, the plan provides for a reduction of funded debt by approximately $1 billion.

To implement the plan, the company expects to...

https://www.workboat.com/news/coastal-inland-waterways/acl-to-file-chapter-11-reaches-agreement-with-lenders/

K+N restructures Asia Pacific operations for ‘a new dimension of growth’

Kuehne + Nagel has consolidated its Asia Pacific operations into one regional headquarters, in Singapore.
The Swiss forwarding giant said the restructuring would “accelerate” its growth across the region and allow it to “target an even stronger role in logistics all over Asia”.
It added: “With immediate effect, the new Asia Pacific region, with about 10,000 professionals, will be headquartered in Singapore. The two regional managers, Jens Drewes and Siew Loong Wong, will …

The post K+N...

https://theloadstar.com/kn-restructures-asia-pacific-operations-for-a-new-dimension-of-growth/

Market Insight: K+N clicks ‘undo’ in Asia – here’s the new ‘unified regional management team’

You might have well read the latest reorganisational news – recreational, for some – concerning Kuehne + Nagel’s (K+N) activities in Asia Pacific (APAC) released on Monday…
… and here is what it means for Premium, which is pleased to provide a bit more “colour” on the managers involved in its latest corporate shuffle.
In a nutshell, the marketing story the Swiss forwarder is spinning out to the trade, investors and clients – …

The post Market Insight: K+N clicks ‘undo’ in Asia – here’s the new...

https://theloadstar.com/market-insight-kn-clicks-undo-in-asia-heres-the-new-unified-regional-management-team/

M&A radar: Private equity sniffing around Toll Global Express

“Toll is continuing to review our operational performance around the world to ensure we are set up to drive simpler, more focused operations for our customers. We have no intention to separate any divisions or business units, nor is this part of our strategic agenda.” – Toll Group, 10 April 2019, responds to Premium which inquired about the possibility of a break-up of the group. 
My win is your loss is a mantra …

The post M&A radar: Private equity sniffing around Toll Global Express appeared...

https://theloadstar.com/ma-radar-private-equity-sniffing-around-toll-global-express/

+ More