Page 4 - Contract Logistics News Today

Kuehne + Nagel International AG (OTCMKTS:KHNGY – Get Free Report) has been assigned an average rating of “Reduce” from the eight analysts that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the […]

Shareholders of Allcargo will get 1:1 shares in the demerged Allcargo ECU Limited and continue to hold their shares in Allcargo Logistics, which will now be the resulting entity holding Express and Contract Logistics business directly.

Ravi Jakhar says: “Until the Red Sea disruptions get diffused, we will have to route the sailings via Cape of Good Hope, which means additional transit time, somewhat additional costs, and there would also be a bit of an increase in the war risks surcharges as the insurance costs go up. So, there will be a bit of a cost escalation. But from a volume standpoint, we do not see much impact.”

Shareholders of Allcargo will get 1:1 shares in the demerged Allcargo ECU Limited and continue to hold their shares in Allcargo Logistics, which will now be the resulting entity holding Express and Contract Logistics business directly.

Allcargo’s latest round of restructuring could be beneficial for shareholders, but analysts suggest a wait and hold call for the stock

The restructuring started with selling its non-core assets, progressed to giving exits to its partners and acquiring their stakes in business and has culminated with this demerger. The Allcargo Group will now have four listed entities Allcargo ECU, Allcargo Logistics (that will include the express business after it acquired Gati) apart from Allcargo Terminals and Transindia Real Estate, in each of which its promoters own 70%.

Kuehne + Nagel International AG (OTCMKTS:KHNGY – Get Free Report) saw a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 600 shares, a decline of 80.0% from the November 15th total of 3,000 shares. Based on an average trading volume of 39,000 shares, the […]

Dr. Niklas Wilmking has been appointed Global Board of Management for Contract Logistics and Supply Chain Management at DB Schenker. He will take office on January 1st 2024, following Hessel Verhage, who leaves DB Schenker for personal reasons.

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Kuehne + Nagel International (OTCMKTS:KHNGY – Get Free Report) and Cryoport (NASDAQ:CYRX – Get Free Report) are both transportation companies, but which is the superior investment? We will compare the two businesses based on the strength of their profitability, risk, institutional ownership, dividends, analyst recommendations, valuation and earnings. Profitability This table compares Kuehne + Nagel […]