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...
If for a moment we forget that two star performers – shipowner Danaos and shipping line ZIM – actually exist on the stock market in the T&L sector, there’s only one winner in shipping and logistics year-to-date: US-flagged Matson, or MATX, according to its ticker. After deserving a massive round of applause...
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...
What with the Russia’s full-scale invasion of Ukraine kicking off last Thursday, the somewhat less explosive news that antitrust regulators in five anglophone countries were launching a working group to look at “supply chain collusion” got rather sidelined. While carriers’ legal teams are facing an unusually busy year, it is worth remembering...
It is way too early to pinpoint the cause of the catastrophic fire on board Mitsui’s Felicity Ace, but initial reports suggest that if the inferno wasn’t caused by lithium batteries in an electric vehicle, it is increasingly likely to have been exacerbated by them. The growth in the battery-powered vehicle trade...
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...
Neither an earnings call nor an interview with GXO Logistics’ senior leadership goes by without at least some reference to its investment in technology. It is the same across the transport and logistics industry spectrum of course but, while for many supply chain actors “tech” is largely a synonym for digitilisation, for contract...
