Kuehne + Nagel – 'worse' than DSV ...and also Nestlé?
Depressed and depressing but still yielding
It was a truly nice choice of words by Kuehne + Nagel (K+N) this week when it informed us that it has “completed” its contract logistics (CL) restructuring (read: targeted divestments). That duly prompts any ghost hunter like me to speculate what could be next, well over a year after its management team had promised a deal in Asia that – as they said in one of the 2020 analyst calls – unfortunately had become harder to pull off due ...
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