Klaus-Michael Kühne expects normalized freight market in second half of 2021

Business is booming, and with the current development, Klaus-Michael Kühne, major shareholder of logistics company Kuehne + Nagel, expects the freight market to normalize in the second half of the year, he tells Neue Züricher Zeitung.

Photo: Ingo Wagner/AP/Ritzau Scanpix

Logistics company Kuehne + Nagel has recovered "surprisingly well" from the coronavirus crisis, and the company's main shareholder, Klaus-Michael Kühne, expects the current situation in the freight market to normalize in the second half of the year.

"2021 started out extremely well, with a remarkable result in the first quarter. Our logistics business is still at a high level, so we expect a normalization in the second half of the year," Kühne tells Swiss daily Neue Züricher Zeitung.

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