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, ...
Oh Oh Oh XPO… here we go.
Together, yes combined again on a pro-forma basis, worth just over $124.5 a share at one point on Monday* – with GXO down 13.3%; XPO hammered, ? 9.7% – it was easy to refer to the XPO/GXO break-up (Part 1) as a highly problematic thesis to support from a value realisation perspective.
(*Leading the pack as the worst performers in my demo-only/income-growth all-in portfolio, moreover: it was a one-for-one XPO/GXP stock spin-off last summer, hence why ’1 ...
European port congestion now at five-to-six days, and getting worse
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