Port strikes would expose airfreight's vulnerability to a 'capacity crisis'
Concern is mounting over the impact of looming US east and Gulf coast port strikes ...
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
Frank Appel has ruled out any M&A action by DP-DHL in the near future, according to an interview with the WSJ. He said that while the German behemoth was still the largest, it should focus on itself. He added that the strategy was also true for technology. While DHL’s Global Forwarding unit saw significant losses when it attempted to build and implement its own IT system, Mr Appel appeared undaunted, saying it would be better to grow organically, and that the high valuations of tech-focused logistics companies like Flexport would deter DHL from considering acquisitions, for now.
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