UPS to cut 20,000 jobs in network reconfiguration
And so it starts. UPS, while announcing a better-than-expected profit, also enthused investors with its ...
By Alex Lennane
Kuehne + Nagel claimed to have retained its position as “number-one globally” for sea and air forwarding, as it announced a “successful” 2024.
However, analysis by Loadstar Premium today shows that, in fact the results were something of a “bad day at the office” – with an “underwhelming performance”.
The Swiss company enjoyed net turnover of CHF24.8bn ($27.8bn), up 4% year on year. But ebit was down 13% to CHF1.6bn, while earnings fell 16% to CHF1.2bn.
It said: “These 2024 results once again ...
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