Kuehne + Nagel Archives - The Loadstar

Aesop’s grape-hungry fox has a lesson for DHL’s dealmakers

Alessandro Pasetti — Tue, 05 Nov 2024 12:32:10 +0000

If you have followed our DeskOne live coverage of the conference call that followed the Q3 24 release of DHL Group’s results today, you may well be aware that headline group numbers were, as expected, broadly in line with preliminary figures released last week.
A couple of substantial add-ons…
… however follow, for your perusal: air freight performance in DHL Global Forwarding (GF) was disappointing in terms of gross profit (GP) per unit, ...

The post Aesop’s grape-hungry fox has a lesson for DHL’s dealmakers appeared first on The Loadstar.

Using Amazon Air services ‘a win-win’ for ‘absolutely satisfied’ K+N

Alex Lennane — Thu, 24 Oct 2024 11:41:35 +0000

Amazon Air has received a ringing endorsement for its airfreight services from Kuehne + Nagel (K+N), after it opened its capacity to third parties.
In the Swiss forwarder’s Q3 earnings call yesterday, CEO Stefan Paul revealed that K+N’s Asian subsidiary, Apex, which focuses on the transpacific and intra-Asia with an emphasis on ecommerce fulfilment, is using Amazon aircraft.
“I have to say we are absolutely satisfied with the service offered by Amazon ...

The post Using Amazon Air services ‘a win-win’ for ‘absolutely satisfied’ K+N appeared first on The Loadstar.

Kuehne + Nagel – applying Say’s Law

Alessandro Pasetti — Thu, 24 Oct 2024 11:28:30 +0000

One quick takeaway for the shippers, drawing from the conference call between Kuehne + Nagel (K+N) and equity analysts following a mixed Q3 24 update released yesterday by the Swiss freight forwarder, stands out: you must deserve to be on K+N’s book as a client and to do so, please be prepared to pay up for that privilege.
But there’s more to it
We need to think about a more relevant qualitative ...

The post Kuehne + Nagel – applying Say’s Law appeared first on The Loadstar.

Timeline essential: Lethargic Kuehne + Nagel? ‘Just take it private’

Alessandro Pasetti — Mon, 14 Oct 2024 11:36:45 +0000

With rival DSV clinching its transformational Schenker deal, its stock rallying to new highs, lonely Kuehne + Nagel (K+N) is preparing for a “new supply chain reality“, ShippingWatch duly reported last week.
Board member and head of Sea Logistics Michael Aldwell, a disciple of K+N legend Otto Schacht, told the Danish press that the Swiss forwarder will do what needs to be done to keep its leadership at the top of ...

The post Timeline essential: Lethargic Kuehne + Nagel? ‘Just take it private’ appeared first on The Loadstar.

DHL, Mærsk, Kuehne & DSV – tears & rain, hope & faith

Alessandro Pasetti — Tue, 08 Oct 2024 11:17:01 +0000

Following the excitement of last week’s updates from DSV on its €14.3bn Schenker purchase, related funding and narrowed 2024 guidance, our focus has soon enough shifted to the Q3 24 earnings of the main actors in transport and logistics (T&L).
Reporting season opens stateside next Tuesday, 15 October, with intermodal and land services provider JB Hunt, which as usual will take the pulse of T&L investors – however, saying little about ...

The post DHL, Mærsk, Kuehne & DSV – tears & rain, hope & faith appeared first on The Loadstar.

Kuehne CEO Paul against DSV’s M&A and ‘two of a kind’ syndrome

Alessandro Pasetti — Wed, 02 Oct 2024 12:13:47 +0000

Kuehne + Nagel (K+N) management hasn’t been shy talking about transformational M&A that others had up their sleeve in freight forwarding this year.
In fact
Calling itself out of the Schenker race since the early innings of the auction because specialist, niche players are K+N’s mission in deal-making, it was K+N CFO Markus Blanka-Graff preliminarily telling equity analyst in early March that client churn from any Schenker takeover would “help us” grow ...

The post Kuehne CEO Paul against DSV’s M&A and ‘two of a kind’ syndrome appeared first on The Loadstar.

Kuehne + Nagel CEO Stefan Paul: ‘Growth is about becoming better, not necessarily bigger’

LoadstarEditorial — Tue, 01 Oct 2024 14:05:12 +0000

Kuehne + Nagel CEO Stefan Paul writes on LinkedIn today:
We are all well aware of the recent announcement that the logistics landscape will further consolidate. We also considered the opportunity but quickly decided not to pursue. Why?
Continuity is key
Our answer at Kuehne+Nagel is simple: We continue prioritising the needs of our customers and employees. That’s why we focus on our Roadmap 2026 strategy and mostly organic, profitable growth. Of course, ...

The post Kuehne + Nagel CEO Stefan Paul: ‘Growth is about becoming better, not necessarily bigger’ appeared first on The Loadstar.

M&A landscape: nothing chunky to buy, lots to break up

Alessandro Pasetti — Tue, 01 Oct 2024 11:31:56 +0000

Waiting for the integration of Schenker to start by mid-2025, the €14.3bn DSV takeover still subject to various approvals, crucially including tomorrow’s vote by Deutsche Bahn’s supervisory board, it’s quite depressing to think about the next major M&A in forwarding. And logistics, more broadly.
Given ‘DSV Schenker risk’ for the combined entity’s direct rivals, let’s go with a handy recap starting from the two apparent losers from Switzerland and Germany.
“In any ...

The post M&A landscape: nothing chunky to buy, lots to break up appeared first on The Loadstar.

Former K+N chief Detlef Trefzger joins Swissport board

Gavin van Marle — Thu, 26 Sep 2024 10:46:21 +0000

Swiss Air cargo handling firm Swissport International has appointed former Kuehne + Nagel CEO Detlef Trefzger (above) as a non-executive director.
“We are delighted to welcome Detlef Trefzger to our board of directors,” Swissport International chairman David Siegel said.
“His exceptional track record and deep industry expertise will be invaluable as we continue to expand our global footprint and deliver exceptional value to our clients,” he added.
In addition to his new role ...

The post Former K+N chief Detlef Trefzger joins Swissport board appeared first on The Loadstar.

DHL to launch pharma brand and eyes ‘audacious’ 50% revenue boost

Alexander Whiteman — Wed, 25 Sep 2024 12:06:39 +0000

DHL is betting on an expected surge in logistics demand from the fossil-free energy sector to drive an “audacious” 50% upturn in group revenue by the end of the decade.
Presenting the DHL Group Strategy 2030 to investors in Frankfurt yesterday, bullish CEO Tobias Meyer (pictured) said ecommerce, digital sales, geographic tailwinds, life sciences and healthcare, new energy and sustainability would form the strategy’s foundations.
“We are ideally positioned to seize growth ...

The post DHL to launch pharma brand and eyes ‘audacious’ 50% revenue boost appeared first on The Loadstar.