There is no denying that quarterly trading updates are currently the lesser evil in logistics, as the vertical consolidation game is significantly more attractive than short-term performance.

Even more so with Kuehne + Nagel (K+N), a bellwether 3PL for all in air and ocean freight and, to some extent, road and contract logistics (CL).


So let’s run a basic net present value calculation, and we immediately find that K+N may have nowhere to go value-wise from here*, although a re-pricing of risk ...

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