Stock market reaction

Snapshot: Mainfreight’s rally – written in the stars

Here’s a short take for our shameless self-promotion corner: maybe you remember one of our latest updates concerning New Zealand’s Mainfreight (MFT) – it is here: “Taking a page out of Mainfreight’s book“.
In particular, these Premium remarks dated 4 August are well worth a reminder: “in short, the party may have just started for the multiples arbitrageurs.”
Enough said? Yes and no.
Since then, the stock breached another record high this week on …

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On the wires: Expeditors, you say? Simply stunning

These were the prepared remarks on Tuesday of Jeff Musser, president and chief executive officer of Expeditors (EXPD), commenting on his company’s stunning Q2 ’20 performance (sadly don’t expect anything else like calls or public interviews, EXPD has its own way of doing things, and it delivers):
“While volumes for all of our products were down (…) our airfreight revenue was much greater than anticipated. The air market has been particularly …

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Supply chain radar: Hapag-Lloyd – The first cut is the deepest

The extent to which capital markets can end up being a casino for supply chain actors has been fully shown by Germany’s Hapag-Lloyd and its share price action in recent weeks.
Nothing new?
From stock to bond market woes, before its dismal equity performance the spotlight was on the fall and rise of its bigger rival, CMA CGM – for more background, please check out the first chart here, in case you …

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Analysis: DP-DHL cuts staff to finance bonus; two logistics pillars are worth peanuts…

Being creative in corporate finance costs very little but takes lots of effort, so I was grateful when a sell-side note highlighting the paper value value of Deutsche Post DHL’s (DP-DHL) constituent parts landed in my inbox on Monday. That happened just a day before DP-DHL released an unexpected, preliminary trading update for the second quarter.
Background
The German powerhouse has often been talked about as one of those herre T&L beasts …

The post Analysis: DP-DHL cuts staff to finance bonus;...

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Supply chain radar: Hapag-Lloyd only half way through its epic plunge?

Transparency, what a great thing that is.
Look at you, darling
First off, I deeply apologise if you are bored to death with the latest Hapag-Lloyd coverage – we have talked about the German carrier extensively (more here and here) already in the past couple of weeks.
Fair enough.
Yet, notably, the stock dropped below €70 on Tuesday, down almost 63% since peak on 15 May– we hadn’t been there since early April.
Down €20.65bn in …

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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 …

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