Analysis: DSV – flipping coins after 150 days of extravagance
It is not always 50:50
When Kuehne + Nagel (K+N) acquired Apex earlier this year, all sorts of noise surrounded the purchase, with several market veterans arguing the Swiss forwarder may have regretted, eventually, the purchase of a sea and air freight wholesaler whose associated air/ocean volumes may have been lost in a flash.
That time isn’t now – head on
Its Q3 21 numbers released today proved that Apex was a sound, if not defensive, buy with hindsight – one without which K+N would not have ...