Comment / Analysis: DP-DHL and FedEx eyeing gold at the end of an M&A rainbow

US-based FedEx and Germany’s Deutsche Post-DHL have been in the spotlight recently. The former is preparing a succession plan for the post-Fred Smith era, while the latter announced the bolt-on purchase of UK Mail for around £250m last week.

As they remain on a solid financial footing, these two transport and logistics behemoths – seemingly unfazed by the challenge posed by Amazon – both have several irons in the fire, notwithstanding fundamentals and growth prospects that hardly justify their rich equity valuations, ...