The first-quarter earnings of global logistics giants Kuehne+Nagel and DSV showed a remarkable drop in profits that reflected the industry’s quick cooldown in the past year — with a big silver lining.
In reality, the down results were quite positive compared against historical trends and not the hyperinflated conditions of the pandemic, when supply chain disruptions and soaring goods demand sent freight rates through the roof. They also beat analysts’ expectations.
Instead of windfall profits,...
https://www.freightwaves.com/news/from-windfall-to-sustainable-profit-for-kuehne-nagel-dsv