Dark skies down under – white (paper) wash
Final act
With the DSV-Panalpina deal not dead, just, umm, sleeping, it could be time for XPO Logistics to wake up.
The $7.3bn-market-cap US freight heavyweight has had a share price nightmare since short-sellers published a report in December casting doubt (hotly disputed) on its financial reporting and M&A strategy.
XPO’s share price, which had already been heading south from a September high of $114, nose-dived almost overnight to $44.50. They closed last week around $57 and the class-action lawyers are circling.
But before the ...
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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