Winning the race to 2026: Kuehne vs DSV vs DHL Global Forwarding
It should be fine
In one of the imaginary conversations I recently had with my psychotherapist (far cheaper than the real thing), I couldn’t refrain from asking her whether there was any chance that Deutsche Post DHL’s global forwarding unit, or DGF, would be sold, despite repeated denials from management, which are adamant this business can be turned around, and is not on the block.
Is this not, I asked her, a classic case of cognitive dissonance?
Because I have a gut feeling this story has ...
Container shipping can see ‘green shoots’ of freight demand recovery
B: China, Brazil strike deal to ditch dollar for trade
Supply chains 'finally beginning to stabilise', says Maersk
Maersk 'on a journey' as it snaps up frozen foods logistics specialist
Forwarding M&A round-up: plenty of action making smaller headlines
Some ocean trades stabilising, but transatlantic rates still falling
Another rail strike in Germany to add to European freight troubles
Maersk says posted data is not current and not from attack by hackers
Older freighters look set for the scrap heap as capacity oversupply looms
Shippers reject carriers' opposition to ending anti-trust rules
Comment on this article
JacksonMay 19, 2017 at 2:29 pm
I think your psychotherapist may have problems. The problems in DGF have been many but they just need some stability in management to get back on track. Despite everything they have managed to put in their own way recently they are still profitable and the largest forwarder .
Ale PasettiMay 19, 2017 at 9:10 pm
Thanks, Jackson. I think you might be right, but then DGF needs different corporate governance rules. Best, Ale.
Daniel PetterssonMay 21, 2017 at 7:58 am
Would agree with Jackson. Biggest nonsense I’ve read in quite some time. There are dozens of forwarding entities with bigger problems than DGF.
Ale PasettiMay 22, 2017 at 11:55 am
Thanks for your comment, Daniel.
“Biggest nonsense I’ve read in quite some time.”
Why do you think so? What exactly do think works/doesn’t work with DHL/DGF?
Additional feedback gratefully received.
Ale PasettiMay 22, 2017 at 11:59 am
Also, who is faring worse in the top 10 based on latest financials, in your view?
Because I struggle to find more than two (air and ocean).
Stephen AstleyMay 23, 2017 at 8:10 am
I am sorry to say, but I have to disagree.
Against a 2015 EBIT target of positive +EUR 750 million they achieved a staggering loss of negative EUR 181 million. To fail so badly, I think in anyone’s books, is a pretty big problem.
JacksonMay 23, 2017 at 8:03 pm
Lots of companies have targets and don’t meet them. They have many problems mainly around structure and focus. While the new CEO will have a tough job he has been the man kicking their backsides from with K&N. They will be fine.
Ale PasettiMay 30, 2017 at 8:34 am
It must cut costs and nobody at DGF wants to do that. There’s no doubt DP DHL remains a solid company, but we’ll see what happens if its stock drops to the mid-$20s.
Jackson MuchonjiJune 05, 2017 at 3:06 pm
The problem with DGF is mismanagement due to recruitment of none professionalism i.e most managers are not professionals otherwise it remains the most admired company in the world
Ale PasettiJune 06, 2017 at 5:33 am
“it remains the most admired company in the world” — why so, in your opinion, Jackson?
Thanks for your comment.