Schenker, what Schenker? DSV boss talks up options – yes, Sir!
New corporate structure also serves ‘potential M&A that may come up’. May? Potential?
Utterly absorbing account from ex-DHL Express chief Ken Allen (pictured above) on DHL’s troubled takeover of US domestic express provider Airborne Express and the radical change in strategy needed. One for freight historians who remember DHL’s departure from the US domestic express business in 2008, but who may not have realised how close the acquisition came to sinking the entire business. “I’ll never forget one of the first management meetings I attended after taking over DHL Express in 2007. The loss that month was $113m, but the management team was proud — the planned loss had been $116m! We couldn’t even tell where the problems were because the profit and loss account was just a sea of red.” But the most brutal upshot was the near-10,000 redundancies the change in strategy entailed.
'I'm scared', says Boeing whistleblower, after two others suffer mysterious deaths
DSV could face $16m bill after helicopter is written off in haulage accident
FAK rate hikes holding, with strong demand into peak season predicted
Déjà vu as major ocean carriers scramble for tonnage and containers
Indian trade disrupted as port congestion forces liner services to skip calls
Ecommerce boom may be opening the doors for smugglers
Don't get too confident for Q2, market risks haven't disappeared, warns Yang Ming chief
Comment on this article