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Tobias Deil appointed director of forwarding for DACH at Geodis

Geodis has appointed Tobias Deil as its new director of freight forwarding for the Germany, Austria, and Switzerland (DACH) sub-region. Mr Diel has more than 25 years' experience in international transport and logistics, across forwarding, business development, sales, and corporate management, most recently as co-CEO and MD of Ceva Air & Ocean Germany and Ceva Freight Germany. He began his career with an apprenticeship in freight forwarding at Geis Group in 2000, which was acquired by SDV in 2004, then Bolloré Logistics in 2014, and finally became part of Ceva in 2024. Marc Meier, DACH MD, said: "With his many years of international experience and strategic vision, Tobias will provide important impetus for the further development of our freight forwarding business. Together with the teams, he will work to further expand our market position in the region and actively help shape the future of our business." Mr Deil said: "What a first week it has been. Full of energy, inspiring conversations, and genuine exchange. Above all, I have met great people who made the start truly special. "The passion and expertise in this team are impressive, and I am convinced we will achieve great things together. Thank you for a strong start. Now let's build on this momentum."

Xeneta chief takes aim at ocean carriers over treatment of shippers

Ocean shipping lines are taking advantage of shippers by pushing through rate increases which run counter to prevailing market fundamentals, according to one leading maritime trade commentator. Peter Sand, chief analyst at Xeneta, took the Europe-US trade as an example - commonly perceived as a stable and predictable market, especially in these turbulent times for ocean shipping. As geopolitical events have triggered uncertainty and volatility on other major lanes, the transatlantic has navigated much calmer seas. However, the first half of the year has been marked by a sharp rises in rates, in contrast to far less movement in demand and capacity, Mr Sand underlined. "The North Europe-US East Coast is a specialised and sizeable trade, benefiting from a broad mix of industrial goods. And yet this pocket of stability has also experienced turbulence in freight rates since 1 April, he told The Loadstar. Data from Xeneta shows spot rates on the North Europe to US East Coast trade rose 86% between the end of February when the Gulf crisis began and last week, a hefty increase, albeit significantly smaller than those recorded on other major trades such as Far East-US and Far East-Europe. Long term rates on the North Europe to US East Coast over the same period rose 53% to $2,123 per 40ft. "For transatlantic spot rates, it seems to have been a case of carriers successfully spooking shippers back in January that capacity was tight and space not readily available. This may have been true for a few weeks, but certainly not since then." Xeneta's data on carriers' deployed capacity on the transatlantic in the first half of the year reveals a 4.7% decrease year on year (YoY). "The deepest cut came in January (-10.7%), before more capacity was added in March (+4.1%). During the same period, demand between the EU and US was flat, YoY (-0.7%). He went to stress that the "global ripple effects" from tariffs to fuel, had been keenly felt by shippers, including those active on the transatlantic trade. Turning to the outlook for the transatlantic in the coming months, Mr Sand noted that Xeneta's expectations for the trade, in terms of demand and supply, was for more of the same: both declining on a YoY basis. "As for short-term and long-term rates, they should soon start to drop and continue falling as we approach year-end."

As DSV heals, Kuehne eyes deal

"DSV share price is down 11% YTD (year to date), a meaningful underperformance vs. European logistics peers up 18-23% YTD. While investors are willing to attribute valuation multiples close to historical peaks to logistics peers (K+N, DHL, Expeditors), DSV's execution issues have led to a de-rating of the name and to valuation multiples close to historical lows. So far the impact on earnings has been limited, however sentiment deteriorated faster than fundamentals" - Equity research note by UBS, titled 'Conclusions ...