Kuehne + Nagel is one of the largest, most profitable international freight management companies in the world. Its CEO announced he will leave next year.
The coronavirus’ whipsaw effect on the global supply chain took a toll on Kuehne + Nagel during the first half of 2020, but without a rapid internal response the hit would have been far worse, CEO Detlef Trefzger says.
The world’s second-largest 3PL does not expect a rebound in air cargo markets until the second half of 2020.
The world’s second-largest third-party logistics provider reports sea and land transport Q3 performance gains but confirms air freight market decline.
