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Logistics firm Kuehne+Nagel to profit from complexities around global trade war
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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.

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