Comment / Job cuts rumoured to accelerate at Kuehne + Nagel

ID 34473521 © Pogonici | Dreamstime.com

Switzerland’s Kuehne + Nagel (K+N) is making entirely sure that its house is in good order next year, as it must protect fast-falling profits, and related margins, despite it being a financial rock star in the 3PL firmament.

In a depressed and depressing environment for freight rates, the world’s largest air and ocean freight player must continue, the thinking in our marketplace goes, to adjust its cost base to the new normal, with the first signs of “efficiency high on the ...