Expeditors 'adapted well in an erratic quarter' – but earnings disappoint
Expeditors’ Q2 results will have left investors disappointed, with softer-than-expected earnings and a “still-heavy” cost ...
Now, look at the key highlights of Kuehne + Nagel’s annual results released today.
All good, right?
Well, no – and not only because the shares plummeted 6%, closer to their 52-week lows.
Balance sheet
Look below at the left side of its balance sheet.
Goodwill and other intangibles are up 46.5%, while gross cash is down 30% – which typically means lower quality earnings, and heightened dividend risk, under normal circumstances.
But this is K+N ’The Great’, and it has something really innovative, financially, up ...
Foreign airlines react to sudden new US rule tightening air cargo security
'Forwarders hope DSV will win DB Schenker'
Container manufacturers tell customers they are ‘sold out’ until mid-October
Transpacific rates war breaks out as new arrivals undercut major liners
Threat of more strikes at German ports as workers reject 'inadequate' offer
Bust-to-boom-to-bust: the cyclicality of air cargo growth patterns
Strike at major Indian ports called off, but supply chain challenges remain
Transhipment boom at port of Colombo fades as the competition grows
Comment on this article