XPO Logistics

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

Kuehne + Nagel and XPO Logistics agree for UK contract logistics portfolio

Kuehne + Nagel enters into a definitive agreement to sell a major part of its United Kingdom contract logistics portfolio to XPO Logistics. The scope of the transaction includes the drinks logistics, food services and retail & technology businesses. These operations generated a turnover of approximately CHF 750 million (US$ 810.5 million) in 2019 and are supported by 7,500 employees, according to Kuehne + Nagel.

Both parties have agreed not to disclose financial details. The transaction is...

https://container-news.com/kuehne-nagel-xpo-logistics-uk-contract-logistics-portfolio/

On the wires: Here comes D-Day for break-up candidate CH Robinson

“It’s not just about developing software, it’s about developing expertise. It’s a new way to bring innovation to life for our customers. We’ve always tried to be very customer-centric. (…) I think in the last two or three years we’ve become even better at that.” – President and CEO of CH Robinson (CHRW), Bob Biesterfeld, sourced from a FreightWaves story headed “Robinson Labs allows company to ‘swarm’ on problems” (27 January …

The post On the wires: Here comes D-Day for break-up candidate CH...

https://theloadstar.com/on-the-wires-here-comes-d-day-for-break-up-candidate-ch-robinson/

Analysis: Supply chain awards 2019, and the winners (and losers) are…

The challenge was to sum up a year of supply chain achievements in 30 words for each global player on my radar?
Accepted.
Yet be safe in the knowledge we will overlook corporate strategy here, rather focussing on hard evidence and the performance of the majors as the year joyfully draws to a close.
First things first.
The 2019 star: Hapag-Lloyd.
Its stock up 226%; 2019e free cash flow yield 13%; net debt up 15.3%, free …

The post Analysis: Supply chain awards 2019, and the winners (and losers)...

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Supply chain radar: DSV & K+N vs XPO & CHRW et al – Europeans beat Americans to the punch

Eagerly waiting for the third quarter (Q3) results of one of the best 3PLs in the US and one of the worst in Europe – respectively Expeditors (5 November) and Ceva Logistics (25 November) – we have luckily received one unequivocal message this earnings season from the top four players that have already reported their interims: the Europeans are better off.
And that’s reflected in their fundamentals, let alone their share …

The post Supply chain radar: DSV & K+N vs XPO & CHRW et al – Europeans...

https://theloadstar.com/supply-chain-radar-dsv-kn-vs-xpo-chrw-et-al-europeans-beat-americans-to-the-punch/

On the wires: CH Robinson fumbling around in search of its soul…

“The third quarter provided challenges in both our North American Surface Transportation and Global Forwarding segments. Our net revenues, operating income, and EPS results finished below our long-term expectations. We anticipated an aggressive industry pricing environment coming into the second half of this year driven by excess capacity and softening demand and knew we faced difficult comparisons versus our strong double-digit net revenue growth in the second half of last …

The post On the...

https://theloadstar.com/on-the-wires-ch-robinson-fumbling-around-in-search-of-its-soul/

M&A radar: Partial sale of Ceva the only certainty as deal smoke thickens

This Indian summer has brought about a slew of hot rumours and serious – and some less serious – market talk regarding deal-making that I thought it would be worth sharing in a preliminary attempt aimed at predicting what could be next in our beloved, sometimes overly cautious, industry.
What’s known
Drawing from several conversations about CMA CGM/Ceva Logistics in the past few weeks, I have concluded that we are soon going …

The post M&A radar: Partial sale of Ceva the only certainty as deal...

https://theloadstar.com/ma-radar-partial-sale-of-ceva-the-only-certainty-as-deal-smoke-thickens/

Against the odds: There’s no doubt about it – this year is pretty disappointing … so what comes next?

Against the odds comes in two forms: a column, on merit when warranted, and a monthly excel calculator (see below for our previous coverage). It challenges common sell-side wisdom in financial markets that the future often has better events in store than the past. The vast majority of consensus estimates from analysts, often modelled against a company’s guidance, are a case in point.
In a typical bearish fashion, we aim to …

The post Against the odds: There’s no doubt about it – this year is...

https://theloadstar.com/against-the-odds-a-disappointing-first-quarter-all-round-where-do-we-go-from-here/

Supply chain radar: DSV & XPO Logistics: same same but different

After our XPO Logistics analysis was published yesterday, and a senior account executive of XPO – still formally employed stateside by the US-based group – commented “probably [XPO] went silent Monday as they were busy laying off myself and 30 other account executives”, all sorts of market reactions ensued from my trade sources.
Two words, four letters
The most common feedback I got came in the form of two words, each four …

The post Supply chain radar: DSV & XPO Logistics: same same but...

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