Kuehne + Nagel Shares Slip After Disappointing Quarter for Sea Logistics

Kuehne + Nagel shares fell Tuesday as earnings at the freight forwarder’s sea logistics business disappointed investors and dragged on the group’s overall profitability.

Sea logistics had a rise in fourth-quarter earnings as it benefited from continued efforts to manage costs. But volumes fell and profitability per container that it shipped declined from the third quarter, leaving earnings at the unit shy of forecasts.