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 >
FedEx to Cut Up to 2,000 European Jobs in Cost-Reduction Move
FedEx to Cut Up to 2,000 European Jobs in Cost-Reduction Move
Jun 12, 2024
10:48 AM EDT, 06/12/2024 (MT Newswires) -- FedEx ( FDX ) announced plans on Wednesday to cut between 1,700 and 2,000 European back-office and commercial jobs as part of an ongoing effort to reduce costs. The logistics giant said the changes will include removing positions and consolidating teams as FedEx ( FDX ) works to streamline its workforce in Europe....
US court nixes order barring Amazon from firing pro-union workers
US court nixes order barring Amazon from firing pro-union workers
Jun 12, 2024
(Reuters) -A U.S. appeals court on Wednesday tossed out a judge's order that required Amazon.com ( AMZN ) to refrain from firing union supporters amid a nationwide organizing campaign at its warehouses. A three-judge panel of the Manhattan-based 2nd U.S. Circuit Court of Appeals said the judge who issued the order last year at the request of the National Labor...
Take-Two Interactive Software Shareholder Embracer Prices Secondary Offering
Take-Two Interactive Software Shareholder Embracer Prices Secondary Offering
Jun 12, 2024
10:48 AM EDT, 06/12/2024 (MT Newswires) -- Take-Two Interactive Software ( TTWO ) said Wednesday that Embracer Group priced a public secondary offering of 2.8 million Take-Two common shares at $154.50 apiece. The shares were issued to Embracer Tuesday in connection with the closing of Take-Two's acquisition of Gearbox Entertainment, the company said. The offering is expected to close Friday,...
Atlassian Insider Sold Shares Worth $1,289,131, According to a Recent SEC Filing
Atlassian Insider Sold Shares Worth $1,289,131, According to a Recent SEC Filing
Jun 12, 2024
10:43 AM EDT, 06/12/2024 (MT Newswires) -- Michael Cannon-Brookes, 10% Owner, Director, Co-CEO, Co-Founder, on June 10, 2024, sold 7,948 shares in Atlassian ( TEAM ) for $1,289,131. Following the Form 4 filing with the SEC, Cannon-Brookes has control over a total of 103,324 shares of the company, with 103,324 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1650372/000156218024004981/xslF345X03/primarydocument.xml Price: 164.80, Change: +1.64, Percent...
Copyright 2023-2026 - www.financetom.com All Rights Reserved