Forwarders face profitability test as freight markets look set to stabilise
As global freight markets begin to show signs of stabilisation after months of disruption, the industry’s largest forwarders have shown ...
By Mike Weir
Unlike some rivals, Swiss forwarder Kuehne + Nagel (K+N) has navigated the Covid-19 crisis largely without shedding staff, much to the disappointment of analysts.
Like all quarterly conference calls, K+N’s Q1 ’20 hookup in late April went on a bit, with a strong focus on cost cutting, or, in the view of some dialling in, the lack thereof.
As usual, we’ve saved you the hassle of listening to the whole snooze-inducing 1hr23m by creatively lopping out 90% of what was said while ...
Comment on this article
Jörg Frommeyer
May 13, 2020 at 8:20 pmI worked for 10 years at KN. I left some years ago. They have changed considerably and it is not “my KN” anymore. BUT: They do the right things and they do the things right! Just firing people is not innovative, it is not sustainable and yes, sorry for being “social”, it is totally illoyal. Loyalty is not a one-way street! KN, CHAPEAU