Maersk leans into logistics with new North American chief [Yahoo! Finance]
KUEHNE&NAGEL INT UNSP/ADR (KHNGY)
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Source: Yahoo! Finance
Blicher had worked as Maersk's regional president for Asia Pacific since 2023. The appointment was part of a reorganizing of leadership announced earlier this month by Maersk ( MAERSK-.CO ), when it tabbed longtime Kuehne & Nagel executive Robert Erni as chief financial officer and board member. The changes come as Denmark's Maersk shifts focus from higher but more volatile cyclical profitability in ocean shipping to lower but steadier returns in logistics services such as warehousing, contract logistics and fulfillment. Amid an arms race to build new ships, Maersk relinquished its longtime crown as the world's largest container carrier to Mediterranean Shipping Co. of Switzerland, and is being challenged by France's CMA CGM and Cosco ( 1919.HK ) of China. Maersk earlier this year completed an initial $1 billion phase of a $2 billion total stock buyback planned for 2025. Maersk recently relocated its North American headquarters from New Jersey to Charlotte, North Carolina –
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News
- Kuehne & Nagel International (OTCMKTS:KHNGY) had its "hold" rating reaffirmed by analysts at Deutsche Bank Aktiengesellschaft.MarketBeat
- Kuehne & Nagel International (OTCMKTS:KHNGY) was upgraded by analysts at The Goldman Sachs Group, Inc. to a "buy" rating.MarketBeat
- Maersk tabs new CFO, North American chief in global leadership shakeup [Yahoo! Finance]Yahoo! Finance
- Kuehne & Nagel International (OTCMKTS:KHNGY) was upgraded by analysts at Zacks Research from a "strong sell" rating to a "hold" rating.MarketBeat
- Kuehne & Nagel International (OTCMKTS:KHNGY) was downgraded by analysts at Barclays PLC from an "equal weight" rating to an "underweight" rating.MarketBeat