DSV sparks rethink on freight software – but AI may pose the real challenge
When DSV revealed it was developing its own technology platform and moving away from CargoWise, ...
EXPD: QUOTE OF THE WEEKVW: MASSIVE JOB CUTSFDXF: FIRST TRADING UPDATE EXPD: MORE BULLISH THAN BEARISHFWRD: HUNTING FOR VALUEFDX: CAPITAL STRUCTURE ADJUSTMENTPLD: DOWN SHE GOESPLD: REIT DEAL-MAKINGFDX: HOLDING UPVW: BIG DIVESTMENTAMZN: AI INVESTMENTMAERSK: ANOTHER UPGRADE GXO: CONTRACT RENEWALFDX: SELL-SIDE REACTION TO INTERIMS
EXPD: QUOTE OF THE WEEKVW: MASSIVE JOB CUTSFDXF: FIRST TRADING UPDATE EXPD: MORE BULLISH THAN BEARISHFWRD: HUNTING FOR VALUEFDX: CAPITAL STRUCTURE ADJUSTMENTPLD: DOWN SHE GOESPLD: REIT DEAL-MAKINGFDX: HOLDING UPVW: BIG DIVESTMENTAMZN: AI INVESTMENTMAERSK: ANOTHER UPGRADE GXO: CONTRACT RENEWALFDX: SELL-SIDE REACTION TO INTERIMS
DSV’s €3.5bn offer for Panalpina is a step too far for Kuehne + Nagel. Majority K+N shareholder Klaus-Michael Kuehne told the Handelszeitung paper, in rather a nice comment: “If the Danes absolutely want to buy a hopelessly overvalued Panalpina, then you can’t prevent it.” And according to Reuters he said its “operative potential” did not match its valuation.
However, that does not appear to be preventing Panalpina from seeking a higher offer – from DSV or anyone else, The Loadstar Premium reveals today.
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