Kerry Logistics stays bullish as profits decline in a 'tough market'
Hong Kong-headquartered 3PL Kerry Logistics Network (KLN) today was the latest freight service provider to ...
When I wrote “DSV & XPO: same same but different” on 21 March I had no choice but to flag the risks that M&A could bring to the Danish powerhouse, drawing a parallel with the US-based 3PL and its inorganic growth-led strategy. At that particular time, for very different reasons, both XPO and another behemoth stateside, CH Robinson (CHRW), had gone for damage limitation, with the former’s surge since, incidentally, helped by previous lows and financial engineering rather than material operational ...
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Alex Lennane
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