Alessandro Pasetti

United Kingdom

Director at The Loadstar

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Articles

More cash to burn – Petersen’s search is on - The Loadstar

6 days ago | theloadstar.com | Alessandro Pasetti

Flexport CEO Ryan Petersen has been in the news a lot in recent times. Even more in the past week after issuing a warning about a gloomy “extinction-level event” for smaller businesses, if – as Flexport argues here – the current “trade policy and 145% tariffs on Chinese goods don’t come down”. Done with CNBC already, that insight came on the back of a WSJ piece*. (*Headed: ’The CEO who says an asteroid is coming to destroy America’s businesses’.)But don’t miss Bloomberg’s coverage ...
AP Møller-Mærsk - D&D-propelled earnings marvel - The Loadstar

1 week ago | theloadstar.com | Alessandro Pasetti

While business partner Hapag-Lloyd keeps growing its orderbook – the German carrier’s Terminal & Infrastructure business is still a rounding error in terms of group profits, however – AP Møller-Mærsk (APMM) keeps doing what it has done ever since the Red Sea crisis started in late 2023, banking on ocean services’ strength. With Q1 25 Ocean Ebitda responsible for 70% of the group’s adjusted operating cash flows (or Ebitda), as disclosed today. Just as tariff risk heavily weighs on goods shipped ...
Trump-Houthis deal - expect further 'rate declines...after port congestion' - The Loadstar

1 week ago | theloadstar.com | Alessandro Pasetti

You may well have read the latest news concerning Tariff Man finally turning into the President of the Unites States, who announced that the US would stop attacking Houthis in Yemen as that group has finally ’capitulated’, to borrow a few words from the BBC. Can that be trusted? Headlines are plentiful on the topic, including this one: ’US agrees ceasefire with Houthis in Yemen after dozens killed in airstrikes’. With The Loadstar – and others – essentially hinting at a claim that ...
CH Robinson - strength, value, redundancy risk - The Loadstar

2 weeks ago | theloadstar.com | Alessandro Pasetti

It’s quite easy to get carried away with CH Robinson (CHRW) after a very encouraging Q1 25 trading update released yesterday, 30 April, after a roller coster US stock market session. All the latest financial metrics disclosed by one of America’s most prominent T&L players point to a business – where “Tech + People” makes a difference* – that is certainly on the right productivity path.
UPS talks to lots of customers – outlook? Impossible. Later? Who knows? - The Loadstar

2 weeks ago | theloadstar.com | Alessandro Pasetti

You may well wonder: what’s the headline story from the Q1 25 conference call with analysts held yesterday, based on UPS management’s remarks? (Forget 20,000 job cuts, 4% of the workforce, for the time being; or even “73 building closures” coming by the end of June.)Here it comesIt’s impossible to forecast any scenario until, at least, towards the end of the current quarter. Things may or may not change after 30 June, who knows. But a few very interesting points were made particularly ...
...BIG earnings miss for DHL Global Forwarding & Freight

2 weeks ago | theloadstar.com | Alessandro Pasetti

In case you missed it – just because so much is happening today – DHL Group reported Q1 25 results alongside Danish forwarder DSV. Given the limitation of time, fully aware that whatever came out today from the conference call with management was a lot more interesting than the actual numbers, here comes a snapshot for your perusal. (Key bullet points from the conference call with analysts can be found on DeskOne here.)In written prepared remarks, CEO Tobias Meyer acknowledged the first ...
Heavenly DSV (with one caveat): the forwarding trifecta of success

2 weeks ago | theloadstar.com | Alessandro Pasetti

The big day has come for DSV. And it’s a really good one for the Danes. But the best, as they say, may be yet to come. (’NPV’ power on! Keep going.)Here they comeFirst and foremost, the forwarder has completed its €14.3bn Schenker buy, as expected, in line with the stated deadline. With that, there are also Q1 25 numbers to highlight, briefly, the classic ’non-event’ – but they were bang in line with expectations where it mattered in Air and Ocean, although earnings ...
Ceva's $440m Turkish M&A dish – what's in it? - The Loadstar

2 weeks ago | theloadstar.com | Alessandro Pasetti

News that Ceva Logistics has agreed to acquire Borusan Tedarik to expand its footprint in Turkey, was followed at our Premium end by a distinct: “Borusan who?”BackgroundThe logistics arm of French ocean carrier CMA CGM is parking cash in a country where “measuring currency risk premium” has been high on the agenda of investors, but Ceva looks unfazed by its latest move. The seller – Turkish conglomerate Borusan Yatirim: 14,000 staff, $1.5bn market cap – is shrinking, letting go its logistics ...
Stark reminder for all execs talking up SME exposure

2 weeks ago | theloadstar.com | Alessandro Pasetti

Small and medium-sized enterprises (SMEs) are increasingly targeted by major logistics players in the supply chain. So much so that there’s been a great deal of interest since Covid times to promote the SME approach: easier to win and manage, albeit very opportunistic by nature, they are shippers that have a LOT to offer.
The M&A window of opportunity is wide open

2 weeks ago | theloadstar.com | Alessandro Pasetti

“You’re kind of ’anniversarying’ the M&A transactions of a year or two ago. I would think an uncertain environment, and weaker demand might present an interesting opportunity, on some of the M&A front. Can you talk a little bit about what would be on the wish list, in terms of potential opportunities there?” – Jeff Kauffman, analyst at Vertical Research Partners, Ryder’s Q1 25 conference call Q&A session, 23 April 2025Of all the conference calls I have dialed in to ...