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 kicked off the second quarter earnings season amongst the major listed freight forwarders from its headquarters in Schindellegi.
Headline figures: group revenues grew 8% year on year, to Sfr12.5bn ($15.73bn), while group Ebit was down 4%, to Sfr744m, and net profit also dropped 4%, to Sfr555m.
And so to the earnings call. Front and centre – who would have guessed it – was the subject of tariffs. What else is there to say? Well, quite a lot judging by ...
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