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 ...
Kuehne + Nagel and Panalpina have drawn my attention again, following the release of their quarterly results last month: partly because their share prices rallied hard – for no obvious reason, based on fundamentals – since the updates hit the wires.
The larger Swiss forwarder, K+N, saw its quarterly cash flow deteriorate, and although its financial wherewithal is second to none in the freight forwarding industry, earnings erosion will likely dictate its next corporate move.
The same applies to Panalpina.
Fleeing risk
The surge in ...
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