Kuehne + Nagel (K+N) is one of the first major forwarders to report Covid-impacted results, so is likely to act as something of a marker for others in what will undoubtedly be a tough quarter.
The Swiss group admitted that volumes declined sharply in its first quarter, with net turnover down 6.2%, gross profit down 5.1% and earnings down 23.2% at Sfr139m ($142.7m).
“The coronavirus pandemic is an immense global challenge,” said …
The post K+N reports tough first quarter, with turnover and...