Tag: Kuehne & Nagel

Swiss logistics company Kuehne + Nagel has criticised the likely takeover of UK-based supply chain giant Exel by Germany’s Deutsche Post. ‘This is a serious threat to free market competition,’ K+N’s chairman Klaus-Michael Kuehne said, according to Swiss daily Tages- Anzeiger. Mr Kuehne has repeatedly attacked the German market leader for its monopoly in standard letter delivery, which was providing easy cash funds for acquisitions in the logistics industry. ‘Apart from the fact that the logistics industry in its medium-sized structure will be faced with unfair competition, there is now a serious threat to free competition through the utilisation of the mail monopoly to finance the merger of Deutsche Post and Exel,’ he said earlier this month. A spokesman for Deutsche Post strongly dismissed the attacks. In response to suggestions that there was a connection between profits from the mail business and investments in logistics companies such as Danzas, DHL or Airborne, he said: ‘This is definitely wrong. Mr Kuehne is telling untruths.’