Swiss 3PL Kuehne + Nagel today said there were emerging signs of improving demand, despite today’s first-quarter results that show a year-on-year 18% decline in turnover and a 28% drop in EBITDA.
Group-wide revenue reached SFr5.5bn ($6bn), compared with the SFr6.75bn it posted in Q1 23, while EBITDA declined from SFr803m in Q1 last year to SFr576m this year.
Revenues declined across its four divisions – ocean forwarding, air forwarding, road freight …
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