Supply Chain Research

Kuehne and Nagel reported Q2 revenues which fell by 8.7% year over year with EBIT down by 18.0%. That was considerably worse than DP-DHL’s 25% EBIT expansion and may reflect a mixture of weaker volumes as well as technical factors such as currency rates. K+N’s revenues from ocean freight fell by 11.9% year over year on an 11.7% slide in volumes though that was still “a better volume development than expected” according to CEO Detlef Trefzger. While the firm has cited increased “market share in select, high-yielding industries including pharma, reefer transport and e-commerce” globally, i...