Comment / Kuehne pounded, out of Schenker auction – but jumbo 'sale will help us'

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Hammered.

’Meltdown Friday’, 1 March, Q4/annual results out: Kuehne + Nagel (K+N) down to Sfr257.30, shedding a mighty Sfr40.30 a share, down -13.54% for the day. 

And earlier today it read -3% at the time of writing, falling to Sfr249.7… taking DSV (-1.5%) down with it.

Background

From being wrong for the wrong reason (read this from 10 January) to being right for the right reason, with hindsight – whatever.

’Logistics on steroids 2.0’ is in correction mode, first impacting CH Robinson, then DSV more ...