ShippingWatch

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.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

IKEA sustainability manager: Green solutions should not cost more

As a starting point, furniture giant Ikea won't accept that green solutions become more expensive than polluting solutions, says Elisabeth Munck af Rosenschöld, Global Sustainability Manager for Supply Chain Operations, to ShippingWatch. Ikea is part of an alliance of global companies that calls for green shipping by 2040.

Long Beach logjam of container vessels grows to 80

Bottlenecks at major US container ports in continue to grow, with the ports of Long Beach and Los Angeles being the worst hit at the moment. Here, 80 vessels are waiting to berth, according to new figures form Vessels Value.

Further reading

Related articles

Trial banner

Latest news

See all jobs