He’s alive! Legendary activist investor Bill Ackman is back in the freight industry according to several market reports, which detail how the Ackman-controlled Pershing Square Capital had by the beginning of this week acquired just under 15m shares in $71bn-market-cap Canadian Pacific (CP) for a value close to $1.2bn, making it a...
The economic growth uncertainty, caused by Russia’s invasion of Ukraine and consequent global sanctions, is taking a bite out of investment expectations for the global supply chain industry that had begun to recover from Covid-induced headwinds. One such casualty of the gathering storm is the fate of India’s national carrier, the Shipping...
It was a spirited, in Swiss fashion, and spiritual Detlef Trefzger (pictured below) this week during one of his last conference calls with analysts before stepping down as CEO of Kuehne + Nagel (K+N) this summer. With K+N veteran Stefan Paul – part of the management board since 2013 – starting as CEO...
I duly apologise, as your daily dose of supply chain-related folklore is in the freezer for a one-off ‘war radar’ note instead today, trying to keep the emotions in check. Blame or thank Rose Our lovely and very talkative maid from Moldova. And then I needed time to let war feelings sink into my...
A year that will be consigned to the history books as the most successful in Kuehne + Nagel’s history didn’t finish with a big bang financially, drawing from its annuals released today compared to expectations, but its temporary action in early trade on the stock exchange was very different. Why? (Now click...
In the past couple of years, logistics has been waiting for its redemption child from Europe, France’s Gefco, to be adopted by new parents on either side of the Atlantic. While it couldn’t be done during normal markets, however, it’s entirely possible that the Russia-Ukraine war could facilitate it. Either by finding...
A Greek truck driver died and 10 Bulgarian, Turkish and Greek people are unaccounted for after ro-ro Euroferry Olympia, owned and operated by Grimaldi, Caught fire in the early hours of Friday morning. The till-smouldering vessel today is at anchor off the port of Kassiopi, in Corfu. The vessel was carrying more than...
Freight forwarder association Clecat is asking the EC competition directorate to urgently investigate what it claims are “distortions” in the liner shipping market. Clecat wrote to commissioner Margrethe Vestager calling for the regulator to establish “the degree of concentration, consolidation, coordination, and cartelisation in the upstream container liner shipping services markets serving...
A situation can turn swiftly from stress-free to stressful, but there are often remedies before us that, unfortunately, we aren’t able to detect at first glance. Briefly, on Premium‘s screen today: DSV’s start to the week was another one to forget, drawing from its share price action. The stock hit Dkr1,244.5 in early...
Bangladesh’s strained logistics sector could see major foreign investment, following a call by the EU for the country to relax restrictions. The EU is pushing Bangladesh to open up its logistics industry to foreign investment of up to 100%, from 49%. This would see foreign companies being able to invest independently, rather than...
