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K+N says 'muted consumption' felt by 3PLs

Monday, July 16, 2012

Kuehne + Nagel had a profit of 279 million Swiss francs ($283 million) in the first half of 2012, 11 percent less than the 314 million Swiss francs earned in the same 2011 period. The earnings reflect a 65 million Swiss franc fine imposed on K+N on March 28 by the European Commission for price fixing. It was one of 14 companies fined. Revenue in the first half of the year was 10.06 billion Swiss francs, up from 9.79 billion in the first half of 20...

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