Kuehne and Nagel's Profit Plunge: A Warning Sign?

Logistics giant Kuehne and Nagel slashes earnings forecast by 16%! Plummeting sea freight yields and currency headwinds trigger a Q3 profit nosedive, with EBIT down 37% and net income nearly halved. Find out how overcapacity, margin pressure, and a major partner cashing out are forcing drastic cost-cutting measures and potentially new debt for the transport titan.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.