Comment / Kuehne + Nagel – 'worse' than DSV ...and also Nestlé?

ID 240004671 © Andrey Popov | Dreamstime.com

It’s that time of year when looking backwards can turn out to be extremely painful in transport and logistics (T&L).

Case in point: in mere capital appreciation terms, we have witnessed the mighty stock market fall of Kuehne + Nagel (K+N: -28%) this year (YTD), while Danish rival DSV has outperformed the Swiss forwarder by about +55% over the period – thanks, mostly, to the €14.3bn Schenker purchase.

It’s worse than its rival in forwarding on a slew of Q2/Q3 financial metrics ...