Conference call redux – Kuehne + Nagel and the uncertain uncertainties
…but, please, don’t forget air freight
Surging fourth-quarter volumes and road freight rates brought XPO Logistics revenue and profit growth, but failed to offset a full-year decline.
The company said Q4 revenue increased 12.8% year on year, to $4.67bn, while adjusted ebitda grew 3.9%, to $449m. However, full-year revenue fell 2.4% to $16.25bn and adjusted ebitda was down 17.6%, to $1.4bn.
Chairman and chief executive Brad Jacobs said: “Our ...
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