Comment / Kuehne + Nagel – another bad day at the office

ID 5859388 © Rene Jansa | Dreamstime.com

Today’s release by Kuehne + Nagel (K+N) of fourth-quarter (Q4 24) numbers alongside its annuals, was just a stressful continuation of the previous quarter’s trends.

Unfortunately.

Why bother? 

Well, air logistics did quite well at the end of ’24, yet core ocean logistics operations didn’t.

And while it was DSV’s trading update that dragged Kuehne + Nagel’s valuation down a month ago (here’s why), today we can safely blame a mix of underwhelming performance across its product portfolio as well as heightened volatility (VIX: ...