Unsold GXO – Vertical integration in logistics? You must be kidding
Forget that myth
US-based FedEx and Germany’s Deutsche Post-DHL have been in the spotlight recently. The former is preparing a succession plan for the post-Fred Smith era, while the latter announced the bolt-on purchase of UK Mail for around £250m last week.
As they remain on a solid financial footing, these two transport and logistics behemoths – seemingly unfazed by the challenge posed by Amazon – both have several irons in the fire, notwithstanding fundamentals and growth prospects that hardly justify their rich equity valuations, ...
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