1 month ago
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Houthi rebel attacks successful the Red Sea and the closure of Russian airspace person weighed dense connected the freight industry
Kuehne + Nagel shares fell Tuesday arsenic net astatine the freight forwarder’s oversea logistics concern disappointed investors and dragged connected the group’s wide profitability.
Sea logistics had a emergence successful fourth-quarter net arsenic it benefited from continued efforts to negociate costs. But volumes fell and profitability per instrumentality that it shipped declined from the 3rd quarter, leaving net astatine the portion shy of forecasts.
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