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 ...
© Elena Khorozova
By Alex Lennane
The difficulty of presenting year-on-year changes in financial results is becoming ever more apparent, with Kuehne + Nagel announcing “solid” and “record” results for the first quarter – if you ignore the pandemic boost.
K+N’s turnover fell 37%, to CHF6.74bn ($7.54bn), while ebitda fell to CHF803m, ...
Comment on this article