Kuehne + Nagel CEO sees "tense market" continue for the rest of 2021

Results improved in the first quarter for Kuehne + Nagel, which more than doubled its bottom line compared to the start of 2020. CEO Detlef Trefzger expects the market to "remain challenging" for the rest of the year. Financial report shows drop in number of employees.

Photo: Kuehne+Nagel

Kuehne + Nagel CEO Detlef Trefzger describes the current market as "tense" and expects this environment to remain challenging throughout the rest of 2021, according to the logistics company's financial report for the first quarter, released Monday.

The report shows progress on both the top and bottom line, and Kuehne + Nagel reports an increase in volumes handled by sea and air for the period.

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