Analysis: Expeditors – fiduciary duty is not a crime scene
On the balance sheet, the case doesn’t hold up
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36402227
© Kianlin
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Dreamstime.com
We have all figured out already, I guess, how bad the situation is at Expeditors (EXPD) nowadays.
(Are you one of the few who hasn’t? Read ’…Expeditors has a cost problem?’)
Background
Remember we are in a market where DSV is reorganising its corporate tree; Kuehne + Nagel has a global hiring freeze in place; DHL Global Forwarding has more fat to cut (base case: 5%-to-10%); Ceva Logistics remains in restructuring mode as it integrates Bolloré Logistics, with strong focus on its cost ...
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