Analysis: Turbocharged GXO defies law of gravity
Floating on air
It’s pure-play contract logistics operator-corner!
A quick snapshot on two of the smaller PPCLOs – FM Logistic and Wincanton – which yesterday issued new financial updates showing solid revenue growth offset by rising costs.
First up, France’s FM Logistic, which released its 2021 annual report that showed a 10.1% growth in revenues to €1.5bn, while EBIT, which came under “severe pressure”, declined 13.7% to €31.5m.
CEO Jean-Christophe Machet explained: “Our EBIT for the year fell short of target.
“The two main reasons are the ...
Pockets of demand will drive peak on Asia Pacific tradelanes, believes Maersk
Maersk confident of contract integrity, as it builds $19bn M&A war-chest
Atlas Air execs eye millions in bonuses from Apollo consortium takeover
Containership owners will no longer 'pull down their pants' for the charterers
Shipping lines seem unfazed by Chinese 'war games' in Taiwan Strait
Maersk buys Martin Bencher Group and launches global project logistics unit
Maersk cuts import box dwell time at US ports to nine days
What's the future for Atlas Air as Apollo consortium takeover looms?
Comment on this article