Comment / Discipline + NEOM: Kuehne comfortably wins over DSV

ID 103660626 © Marius Abagiu | Dreamstime.com

Switzerland’s Kuehne + Nagel (K+N) just showed the world of logistics today, 25 October, how to get the house in order when the downturn bites, as I argued here earlier.

Naturally, sales and earnings plummeted.

With EMEA and Americas weathering the storm significantly better than APAC, where…

… underlying earnings fell by a mighty -65% to just Sfr364m.

And, of course, the world’s major forwarder didn’t waste the opportunity of issuing a reminder to all of us concerning the “commenced delivery for Saudi Arabia’s NEOM ...