DSV completes DB Schenker buy as it notes strong Q1 performance by Air & Sea
Danish 3PL DSV formally completed its €14.3bn ($16.3bn) acquisition of German peer DB Schenker today, ...
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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