Departing CFO claims Freightos will see profit in 2026 after reporting Q3 loss
UPDATED 28.11.24 TO INCLUDE FREIGHTOS INPUT AND REMOVE REFERENCE TO GUILLAUME HALLEUX Freightos’ share price fell ...
DHL: SHINING ON WEAKNESSKNIN: ENOUGH DAMAGE DONE NOWLINE: BOUNCING BACKMAERSK: LOOKING AHEADUPS: UPGRADE AHEAD OF EARNINGSAMZN: BETTING ODDSJBHT: EARNINGS MISSJBHT: EARNINGS SEASON IS HEREDHL: BOTTOM FISHINGDSV: DOWNKNIN: NEW MULTI-YEAR LOW TGT: YIELD RETURNPLD: REBOUND MATTERSAMZN: MULTI-BILLION LONG-TERM MEXICO INVESTMENTDSV: WEAKENING TO TWO-MONTH LOWSKNIN: ANOTHER LOW
DHL: SHINING ON WEAKNESSKNIN: ENOUGH DAMAGE DONE NOWLINE: BOUNCING BACKMAERSK: LOOKING AHEADUPS: UPGRADE AHEAD OF EARNINGSAMZN: BETTING ODDSJBHT: EARNINGS MISSJBHT: EARNINGS SEASON IS HEREDHL: BOTTOM FISHINGDSV: DOWNKNIN: NEW MULTI-YEAR LOW TGT: YIELD RETURNPLD: REBOUND MATTERSAMZN: MULTI-BILLION LONG-TERM MEXICO INVESTMENTDSV: WEAKENING TO TWO-MONTH LOWSKNIN: ANOTHER LOW
We suggested there might be mounting problems at the world’s largest logistics firm, and the freight division saw quarterly profits decline a whopping 65% year-on-year as the ongoing restructuring of its freight forwarding division hit snags. Much will now depend on the division’s new management, which is headed by DHL veteran Renato Chiavi on an interim basis who is undertaking a review of the restructuring programme.
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