Kuehne + Nagel Q2 turnover down 21.5% but volumes back to normal


 

Kuehne + Nagel said demand for domestic European transport had broadly improved to pre-crisis levels following a significant decline in order volumes in April and May. However, turnover for its road logistics division was down by 21.5% in Q2 2020 to CHF 721m (£611m), compared with the same quarter in 2019, due in large part to a fall in demand in North America. Gross profit fell by 12% to CHF 257m (£217.8m). In contract logistics, the company said plummeting demand […]