Carriers warn of delays as congestion increases at North Europe's ports
Congestion levels are set to rise at ports across Northern Europe – expect schedule disruption, ...
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By Alex Lennane
Kuehne + Nagel this morning said it had delivered a “good performance” in the third quarter, a statement perhaps undermined by its hefty 52% drop in ebit.
That CHF321m ($358m) result, followed a 46% drop in turnover, to CHF5.4bn ($6bn), while for the nine months, ebit fell 49% to CHF1.58bn on turnover down 41%, at CHF18.1bn.
But chief executive Stefan Paul claimed the group had “performed well”.
“We gained market share and secured our yields. We achieved important successes in the implementation of ...
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