Kuehne+Nagel 押注运力，美国消费韧性下如何解读
A resilient consumer meets Kuehne’s capacity bet – what to make of it
Kuehne + Nagel 在伦敦会议上给出更积极的盈利结构判断，押注 AI 相关空运、中国品牌出海、欧洲陆运盈利修复和标准化技术平台带来的效率提升。美国零售支出在旺季前保持韧性，但进口需求只是持平而非加速。
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By Lawrence Lim
29 September 2026
Where we stand: US retail spending has held up into peak season, but US import demand appears to be holding rather than accelerating. In recent London meetings described in a 24 September JP Morgan note, Kuehne + Nagel (K+N) set out a more constructive view of its earnings mix: AI-related air cargo, Chinese brands expanding internationally, a plan to restore European Road profitability and productivity gains from a more standardised technology platform.
US consumers are still spending despite higher ...
来源：The Loadstar · theloadstar.com