Kuehne+Nagel road logistics unit returns to profit in Q3


Kuehne+Nagel said it experienced a “significant increase” in shipments within its road logistics division in the third quarter and demand for domestic transport in European countries reached pre-crisis levels. Latest results for the group showed net turnover was CHF 5bn (£4.3bn) during the period, a 4% reduction on the same quarter in 2019. Gross profit was down 5.5% to CHF 1.9bn (£1.6bn). It said it had demonstrated profitable growth during Q3, following a first half year marked by the coronavirus […]