Freightos freezes hiring plan as it absorbs SPAC costs
High SPAC costs, and public scrutiny in a “cynical” market has clouded Freightos’ Q1 results, ...
With both K+N and DSV reporting their Q1 numbers last week, a lot of interesting discussions with industry friends ensued, with some rough analysis on the numbers as well as the actual data (see links below). While profits dropped, they were still not too bad, and both seem to be managing the down cycle favourably, with buying cost dropping faster than selling rates, providing them an uptick on gross margins during the quarter.
However, I do remain a marketshare guy, and ...
EXCLUSIVE: Indian digital forwarder Freightwalla shuttered
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DB Schenker – sale, float, nothing
Airlines that adapt quickly will survive likely freight pain in H2
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