Kuehne + Nagel Shares Slip After Disappointing Quarter for Sea Logistics

Kuehne + Nagel shares fell Tuesday as earnings on the freight forwarder’s sea logistics enterprise disenchanted buyers and dragged on the group’s general profitability.

Sea logistics had an increase in fourth-quarter earnings because it benefited from continued efforts to handle prices. However volumes fell and profitability per container that it shipped declined from the third quarter, leaving earnings on the unit shy of forecasts.