Comment / Analysis: Kuehne + Nagel slides – shades of 'dull' or just plain 'awful'?

ID 161656060 © Igoriss | Dreamstime.com

The Q2 24 numbers released today by Kuehne + Nagel (K+N), broadly in line with expectations – as I earlier  pointed out here – were uninspiring at best.

(Delusional at worst.)

Indeed, there remains plenty of evidence to suggest…

… this was a rather dull mid-summer update.

And that’s base case in our Premium circles, with those in the bear camp going for “very dull” or saying the Q2 update was “awful” (given the Red Sea fillip: worst case), which is harsh, in my ...