DSV and Kuehne + Nagel Eking Out the Last of the Good Times in Q3

For the first time since picking up coverage of the sector almost six years ago, third-party logistics, or 3PL, giants DSV and Kuehne + Nagel have reported quarterly earnings on the exact same day, giving us a unique snapshot into the current state of global shipping markets. The long and the short of it is that despite investors’ fears for 2022, it has been a bumper year. Better than that, Kuehne + Nagel have gone so far as to say that it has been its “best ever nine-month results”. Although container freight rates peaked this time last year, they have remained elevated relative to historical levels, allowing 3PL firms to generate sky-high profits this year.