M&A landscape: nothing chunky to buy, lots to break up
Inspired by the bear, threatened by the bull or vice versa?
XPO Logistics had such a good Q1 that during the obligatory conference call with analysts on Tuesday, management very nearly ran out of superlatives.
Nearly.
Top-billing went to some big new customer news at the contract logistics division, GXO Logistics, which is about to be spun off as a separate company.
As usual, the call went on a bit, so also as usual, we’ve creatively pruned the discussion in order to save you time and give ourselves a chuckle.
What follows is not verbatim…
Brad ...
Atlantic and Gulf coast US ports close as ILA rejects last-minute offer
Box lines declare force majeure as White House defends ILA
Talks rumoured to be underway after USMX urged ILA back to the table
ILA blames 'profiteering' foreign-shipping lines for US port strike
Strike disruption begins: 'a frenzy' to come with extra demand for airfreight
Shippers scrambling for alternatives as box lines divert from closed ports
Airlines scramble to avoid Middle East airspace as missiles fly
Port strike will see 60 more ships at anchor this week and rates rising
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