Sunny side up and sunny side down

摘要

The three logistics corporations Kuehne + Nagel, DHL and Panalpina have mixed feelings about their results in 2012 and their prospects for 2013. Corporate managers are usually known for mincing their words - but there was a surfeit of direct and frank speeches delivered at recent annual media conferences in Europe. During his presentation of the mixed annual results for 2012 Karl Gernandt, the chairman of Kuehne + Nagel International, said that «costs got out of hand internally» last year, which is why «our opinion of ourselves is somewhat tamished».