Sunburn risk highlighted ahead of earnings season was real, with several European players in transport and logistics struggling to recoup their lost value since early July.
Spare a thought for DSV, Mærsk and DHL Group, among others. One notable exception is Kuehne + Nagel.
On 3 July as I wrote ‘Value destruction on the way‘: its stock stood in the low Sfr260s, while now it trades about Sfr10 higher.
Resilient.
However, it was last week …
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