K+N Sinks Its Claws Deeper Into Terex, Pyramid May Be Toppled — Panjiva


K+N Sinks Its Claws Deeper Into Terex, Pyramid May Be Toppled

Corp - Forwarders 157 Industrials - Capital Goods 265 Mode - Seaborne 1273 U.S. 3297

Kuehne + Nagel has extended its freight forwarding services contract with Terex to cover the materials handling equipment maker’s European and Asian supply chain needs. Terex’s activity has surged on U.S. seaborne routes where volumes having increased by 24.9% on a year earlier in the 12 months to Oct. 31. While China only represented 19.1% of Terex’s volumes over the same period, the risk of tariffs is leading the company to consider significant supply chain changes. That makes this a logical time to also reconsider its forwarding services. K+N accounted for a 29.5% share of Terex’s U.S...

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