Ocean X: China post-CNY – less cloud, more balloon; Mærsk's moves; a tough Q4
Things are looking up, in China at least
When Peter Rose, the man who built up Expeditors (EXPD) from scratch, retired in 2014, the Seattle-based group he co-founded and led for over three decades was in great shape financially, but also a rock-solid business lagging on the stock market.
What has changed since those days – barring greater tax benefits lately and operational efficiency – has a lot to do with EXPD’s light portfolio of assets and services, which determined its fortunes in the capital markets in the years that ...
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