Kuehne + Nagel faces "major challenges" in the coming months

The coronavirus outbreak has hit logistics company Kuehne + Nagel's volumes hard in the first quarter. "It's all about China," said CEO Detlef Trefzger at a conference call, noting a significant decrease in demand from the country along with a changed cargo mix.

Photo: Kuehne + Nagel - PR

A fall in demand from China has hit Kuehne + Nagel the hardest in the latest quarter.

Of a total decline of around 71,000 teu, China represented 70 percent of the drop, CEO Detlef Trefzger says during a conference call on the day of the fiscal report’s publishing.

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