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
Swiss forwarder Kuehne+Nagel had a barnstorming third quarter and, indeed, first nine months of 2021.
All quarterly results are, of course, uncomparable in these unpredictable times.
Nevertheless, management are thoroughly pleased with themselves, having lifted sales by 70% to CHF8.6bn ($9.3bn) and net earnings by 117% to CHF568m. Our Premium take on the numbers, what sounds great and what doesn’t, is here in case you missed it.
As usual, K+N’s cheerful chief executive Detlef Trefzger (pictured below) hosted a conference call with the ...
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