DP World announces 'transformative' expansion plan for Caucedo hub
Global terminal operator DP World is set to plough some $760m into its Caribbean transhipment ...
No surprises: GXO, never far from Premium’s Platonic ideal of pure-play contract logistics operator (PPCLO), remains committed to its winning model. However, despite a respectable Q4/FY 23 earnings release, beating (by a whisker) S&P Capital IQ consensus for total quarterly sales and adjusted earnings per share, investors remained uninspired: GXO stock had dropped into red by close, third-from-bottom in our demo-only portfolio, during an otherwise fairly strong session*.
(*GXO down -1.2% vs S&P: +0.96%; Dow: +0.4%; Nasdaq composite +1.3%).
One possible explanation: ...
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