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K+N ‘chose the right strategy’ through Covid pandemic, and profits soar

K+N ‘chose the right strategy’ through Covid pandemic, and profits soar

Kuehne + Nagel gave itself a pat on the back today for choosing the “correct path” through Covid-19, resulting in first-quarter turnover of Sfr6bn ($6.5bn) – up 22% year on year. Ebit rose 134% to Sfr431m.
Whether K+N in fact had much choice of strategies is a moot point, but there is no denying it profited from both high volumes and rates in air and sea.
Sea business saw turnover grow nearly …

The post K+N ‘chose the right strategy’ through Covid pandemic, and profits soar appeared first on The Loadstar.


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26 April 2021, 15:18