Kuehne+Nagel Q2 profits rise 78% on lower shipping volumes

Kuehne + Nagel sign on building

Second-quarter earnings for Kuehne + Nagel, the world’s second-largest logistics provider, underscore how supply chain disruptions that hurt the bottom line of goods’ owners can drive profits as customers seek extra help navigating shipping complexity and uncertainty.

Elevated yields continue to exceed exceptionally high freight transportation and warehousing costs, pushing up revenue 45% to 10.4 billion Swiss francs ($10.9 billion) and operating profit 78% to $1.1 billion versus the 2021 June...

https://www.freightwaves.com/news/kuehne-nagel-q2-profits-rise-78-on-lower-shipping-volumes

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