Conf call redux: ‘Remarkable’ Kuehne sniffs Asia and salmon-like deals (again)
The Swiss forwarder promises more of the same corporate strategy amid whopping rise in profits
The idea that Panalpina “has to go sooner rather than later” is growing in popularity among my sources, notwithstanding public remarks made by Kuehne + Nagel management on Friday and Panalpina on Sunday.
However, beware the hype. I may very well be wrong, but I doubt K+N has any serious intention to take over its smaller domestic rival in its current form, although the ousting of chairman Peter Ulber could trigger big changes in Basel.
One of the most prominent freight ...