Kühne + Nagel experienced a significant decline in its shares, making it the biggest loser in the Swiss Market Index (SMI) for 2024.

On the other hand, DSV, a Danish competitor, has gained favor among investors, indicating a change in market sentiment in the logistics sector.

The recent political climate, particularly following Donald Trump's election, has increased volatility and raised concerns about potential import tariffs.

Stefan Paul, CEO of Kühne + Nagel, acknowledged the importance of meeting customer preferences for deliveries to the United States in anticipation of Trump's trade interventions.

This has created a sense of urgency among businesses to secure shipments before any changes in trade policy are implemented.