A K+N loading dock in Dagenham, U.K. (Chris Ratcliffe/Bloomberg)
Key Takeaways:
- Kuehne+Nagel entered a long-term strategic collaboration with Amazon that includes AWS support and sent its shares up as much as 5.2% on Sept. 21.
- The deal strengthens Kuehne+Nagel’s position in data center infrastructure logistics and includes a milestone-based call option tied to existing shares over up to seven years.
- Amazon and Kuehne+Nagel will expand services under the agreement as the Swiss freight company moves forward following majority owner Klaus-Michael Kuehne’s death last month.
Swiss freight transportation group Kuehne+Nagel International AG has entered a long-term strategic collaboration with Amazon.com Inc., less than a month after its majority owner died.
Kuehne+Nagel said the collaboration is…
