Comment / Kuehne + Nagel – when dirt cheap isn't cheap enough

ID 180742 © Grinerswife | Dreamstime.com

With all the noise surrounding DSV and its massive €14.9bn takeover of Schenker, we have almost forgotten rival Kuehne + Nagel, the forwarder that will lose its crown as the world’s largest player by volume in air and ocean freight if the Danish-German tie-up, as planned, goes through in the second quarter of 2025.

The value of DSV boosted on the market – not as much as most earnings-accretion scenarios would suggest over the medium term – it hasn’t been very ...