Kuehne deals in busy bolt-on market – STG Logistics next?
Pure-play contract logistics (CL) starlet GXO remains on the lookout for deals and value-accretive options, yet other worthwhile elements emerged from the call with analysts yesterday following the release of solid Q1 23 figures that boosted its stock* during a mixed session.
(*GXO up +2.9% to $54.7 vs S&P: -0.09%; Dow: +0.45%; Nasdaq Composite: +1.04%.)
One tiny little thing was noticeable, if you paid attention to the interims: margin-wise, it resembles a mini-Mærsk Logistics & Services (L&S), despite the different operational set-up. ...
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