financetom
Business
financetom
/
Business
/
Logistics firm Kuehne+Nagel to profit from complexities around global trade war
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Logistics firm Kuehne+Nagel to profit from complexities around global trade war
Mar 25, 2025 5:16 AM

By Anastasiia Kozlova

March 25 (Reuters) - Swiss logistics group Kuehne und

Nagel on Tuesday said it has been capitalizing on

increasingly complex global trade issues - from U.S. President

Donald Trump's tariffs to the Red Sea crisis - by charging

customers more for value-added services.

Since the Covid-19 pandemic, shipping and logistics

firms have had to navigate several supply chain crises from

backed-up sea ports in the United States and China to worker

strikes and Houthi attacks on vessels in the

Suez Canal

.

More recently, supply chains have been rocked by the

threat and implementation of Trump's tariffs on U.S. imports,

and subsequent retaliatory levies imposed by the country's trade

partners.

There is huge customer demand for consultancy services in

navigating through difficult times, CEO Stefan Paul said in a

call on the company's capital markets day.

Trump's tariffs, aimed at protecting domestic industries and

reducing trade deficits, have had significant impact on

logistics companies.

"The inflationary impact of tariffs could likely hurt

demand," Parash Jain, Global Head of Transport & Logistics

research at HSBC, said, adding that the complexity will continue

to increase with the several layers of tariffs across countries

and types of cargoes.

However, for logistics services providers, the added

complexity has created an opportunity to expand advisory and

customs services beyond traditional transportation brokering, he

added.

Kuehne und Nagel said last week it plans to open a new site

at Texas-Mexico border to meet growing demand for customs

support between the United States and Mexico.

The COVID-19 pandemic caused global supply chain

disruptions, leading to a surge in demand for logistics

services, boosting K+N earnings in 2021 and 2022.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Eni's Plenitude Under Italian Competition Authority Over Electricity, Gas Contract Renewals
Eni's Plenitude Under Italian Competition Authority Over Electricity, Gas Contract Renewals
Mar 14, 2025
09:03 AM EDT, 03/14/2025 (MT Newswires) -- Eni's (E) Plenitude is under investigation by the Italian Competition Authority over a suspected unfair commercial practice, the regulator said Friday. The regulator said it received many complaints last year about the company's methods for informing consumers about the renewal of economic supply conditions, as well as failure to implement measures to handle...
Bannix Acquisition Extends Deadline for Business Combination to April 14
Bannix Acquisition Extends Deadline for Business Combination to April 14
Mar 14, 2025
09:00 AM EDT, 03/14/2025 (MT Newswires) -- Bannix Acquisition ( BNIX ) said Friday its board is extending the deadline to complete a business combination by one month to April 14. The blank-check company's stockholders on March 7 voted to allow it to extend the deadline date up to three times until June 14. This is the 25th extension, the...
Rumors of Electric Vehicles' Demise in Canada Were Greatly Exaggerated, Says BMO
Rumors of Electric Vehicles' Demise in Canada Were Greatly Exaggerated, Says BMO
Mar 14, 2025
09:01 AM EDT, 03/14/2025 (MT Newswires) -- Almost exactly a year ago, electric vehicle (EV) sales in Canada were on pace to hit 14% of new vehicle sales in 2024, said Bank of Montreal (BMO). Despite talk of a perceived slowdown, EV sales outperformed, reaching 14.6% of the new vehicle market, noted the bank. When hybrid electric vehicles (HEV) are...
Li Auto Issues Weak Sales Outlook as Fourth-Quarter Earnings Decline
Li Auto Issues Weak Sales Outlook as Fourth-Quarter Earnings Decline
Mar 14, 2025
09:03 AM EDT, 03/14/2025 (MT Newswires) -- Li Auto's ( LI ) fourth-quarter earnings fell year over year but revenue came in above market estimates, while the Chinese electric vehicle maker expects its sales to decline annually in the ongoing three-month period. The company expects revenue to be in a range of 23.4 billion renminbi ($3.2 billion) to 24.7 billion...
Copyright 2023-2026 - www.financetom.com All Rights Reserved