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 ...
When Kuehne + Nagel (K+N) acquired Apex earlier this year, all sorts of noise surrounded the purchase, with several market veterans arguing the Swiss forwarder may have regretted, eventually, the purchase of a sea and air freight wholesaler whose associated air/ocean volumes may have been lost in a flash.
That time isn’t now – head on
Its Q3 21 numbers released today proved that Apex was a sound, if not defensive, buy with hindsight – one without which K+N would not have ...
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