FedEx ramps up its focus on healthcare to boost yields
FedEx has set up a dedicated unit to handle its healthcare traffic, hoping this will ...
DHL: NEW HIGH TARGET ON THE STREET DSV: EXPECTATIONS RUN HIGH KNIN: DHL GUIDANCE UPGRADE READ-ACROSSKNIN: NEW OPENINGGM: TECH UPSIDEAMZN: BIG DEBT FUNDING ON ITS WAYDHL: 'STELLAR EXPRESS'DHL: UPDATEDHL: STRONG PRELIMINARY UPDATE CHRW: STILL VERY BEARISH PLD: 'MOST PREFERRED'ZIM: DEAL OR NO DEALWTC: MOMENTUMDAC: PAYOUTMAERSK: RETURN TO SUEZ
DHL: NEW HIGH TARGET ON THE STREET DSV: EXPECTATIONS RUN HIGH KNIN: DHL GUIDANCE UPGRADE READ-ACROSSKNIN: NEW OPENINGGM: TECH UPSIDEAMZN: BIG DEBT FUNDING ON ITS WAYDHL: 'STELLAR EXPRESS'DHL: UPDATEDHL: STRONG PRELIMINARY UPDATE CHRW: STILL VERY BEARISH PLD: 'MOST PREFERRED'ZIM: DEAL OR NO DEALWTC: MOMENTUMDAC: PAYOUTMAERSK: RETURN TO SUEZ
Marc Meier, a DHL veteran of 20 years, has become global head of ocean freight for Toll Global Forwarding (TGF).
He left DHL in 2021 where latterly he was head of global international supply chain, and joined ECU Worldwide, as head of Germany and central Europe region, for just under two years. He also spent more than a decade at Hellmann.
Mr Meier, who will be based in Singapore, wrote on LinkedIn that he looked forward to “successfully growing the product portfolio”.
However, Loadstar Premium sources have expressed concern over the future of TGF.
“It is essentially a broker for shipping services. It artificially looked good when shipping lines charged extortionist rates over Covid, but what is TGF’s financial performance when ocean rates tanked?
“TGF has no unique selling proposition – it is just going on a gravy train ride with Japan Post’s money.
“It’s the latest deck chair to be set up on the Titanic.”
However, Mr Meier’s experience could trigger change at TGF. One commentator noted he’d be “an invaluable asset” to the company.
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