The world’s largest logistics provider threw cold water on prospects for a measurable rebound in cross-border freight transportation during the normally busy months leading up to holiday shopping events.
Kuehne+Nagel and rival powerhouse DSV this week reported sharply lower earnings for the second quarter that aligned with the broader industry’s prolonged downturn, singling out airfreight as the weakest part of their businesses. Both emphasized that they have adapted to more normalized market...
https://www.freightwaves.com/news/kuehne-nagel-writes-off-peak-shipping-season