Ti: Apple contributes to restructure of electronics supply chain

TRANSPORT INTELLIGENCE reports: The restructuring of global supply chains away from China is continuing. Apple has just announced that it is shifting some of its component sourcing to the US, stating on Tuesday (23/5), that it had agreed a “new multiyear, multibillion-dollar agreement with Broadcom…through this collaboration, Broadcom will develop 5G radio frequency components — including FBAR filters —…

A$75.01: another record for WiseTech

The WiseTech (WTC) run is unstoppable. Today WTC hit another record of A$75.01, looking to close around that level for the day. Only a couple of weeks ago, WTC broke through A$70 a share… Well done! (Our full coverage can be found here.) Source

Searching out deep value in US trucking

Looking for capital appreciation in the supply chain, particularly on the North American land side of the equation, is tricky at best. While you may have caught the action of GXO Logistics, the only listed, pure-play contract logistics firm, whose stock had another strong week by hitting a 52-week record of $60.8 on Tuesday, it’s the…

A joint DHL + Mærsk effort – what investors want

It was in Q4 22 when I consciously wrote ‘DSV Express’, mulling over a pro-forma entity born out of a DSV + FedEx would-be combo. M&A arbitrageurs absolutely loved that. Rhetoric? No Back then just like now, those in banking who buy and sell stock based on takeover probabilities, are screaming for action. In October, ‘DSV Express’…

Lufthansa set to buy 41% of ITA – for now

It’s on. Lufthansa will buy 41% – initially – of Italy’s ITA Airways, for €325m, giving it stakes in or ownership of airlines in five countries. The long negotiations, which saw Italian shipping line MSC pull out of a partnership with Lufthansa, have seen the Germans agree on options to enable Lufthansa to buy the…

OOCL fires back at Bed Bath & Beyond over FMC claim

The argument between bankrupt Bed Bath & Beyond (BBBY), and shipping line OOCL, has become fiercer. OOCL has hit back against the retailer’s $31m claim, made to the Federal Maritime Commission. It denied that it had driven up rates, “created artificial scarcity, unjustly and unreasonably exploited customers”, pointing instead to the fall-out from the Covid…

GXO signs multi-year agreement with Kellogg

PRESS RELEASE GXO wins new contract in Belgium to consolidate warehousing services into a semi-automated facility GXO and Kellogg, which have partnered since 2008, will continue to deliver continuous improvement initiatives at operations that span five countries and eight sites GXO’s technologies have improved speed, efficiency and environmental benefits for Kellogg GXO Logistics, Inc. (NYSE: GXO),…

Bolloré Logistics appoints Olivier Boccara as MD APAC

Bolloré Logistics, currently undergoing acquisition by CMA CGM, has appointed a new managing director Asia Pacific. Olivier Boccara, who has worked for the company for more than seven years, will succeed Cyril Dumon. Mr Boccara started at Bolloré as CEO France, but swiftly moved to become global chief commercial officer. The company said he would…

DB Schenker – sale, float, nothing

On the same day as our Premium colleague Alex Lennane exclusively revealed key bits of an internal memo released from DB Schenker (DBS) to staff, Bloomberg‘s headline was unequivocal: “Deutsche Bahn open to strategic buyer for Schenker“. “May 15, 2023: Dear Colleagues, More than four months into 2023, we are beginning to get a clearer picture of how this…

WTTC calls for urgent action on sustainable aviation fuel

PRESS RELEASE WTTC President & CEO Julia Simpson calls for immediate government action Abu Dhabi, UAE: The World Travel & Tourism Council (WTTC) has today called on governments around the world to “get serious” on incentivizing Sustainable Aviation Fuel (SAF) production and set ambitious targets to produce adequate quantities. Without meaningful quantities of SAF, the global…

OceanX: Occasional odd and dark times…

… softer volumes, scrapping trends, super-slow steaming and a shift of trade patterns. Want more? The many happy reunions in Munich are one week behind us and reflection from distance makes us all realise how much things are now moving. While volumes on the key east-west tradelanes continue to normalise from pandemic highs and in…

Prep for Freightos – The Loadstar

Swings. Now worth a tiny little fraction of its peak value on debut in late January and down 75% from IPO in Q1 23, Freightos stock (CRGO) rose about 22% to $2.5 last Friday in a weak market overall. The likely catalyst? You read it here: “Freightos (Nasdaq: CRGO), a leading vendor-neutral booking and payment platform for the…

Target Corp – a year forward, a year lost

Alongside Walmart, one of the major US importers by teu, $72bn-market-cap Target Corp* (TGT) is a closely watched bellwether for inventory and supply chain matters. (*Our previous Premium coverage from November, when TGT traded around its current level, is here: ‘Target Corp – the supply chain just can’t win…‘) There’s been widespread talk in financial…

Home Depot’s mixed colours – The Loadstar

How Q1 turned out for DYI specialist Home Depot, one of the most prominent US importers with almost $40bn of quarterly sales, is embedded in its dividend policy. As expected, a $2.09 quarterly dividend disclosed yesterday, unchanged (in line with its annual track record in May), kept its annualised yield at 2.8%. Satisfactory? Well, given…

WiseTech hits new record – The Loadstar

Another one! And without any news to support its strength. Remarkable. Today the shares of WiseTech (WTC) reach another record of A$71.99, then closing at A$71.2, up 0.7% for the day. It was only a week ago that WTC broke through the A$70 wall… Chapeau. Our full coverage is here. Source

Skip to toolbar