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The Recession Of 2007-2009 During The United States

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The recession of 2007-2009 played a great roll in how many companies in the United
States were actually doing from an economic stand point. The company on topic Kuehne Nagel is
A global transportation and logistics company based in Schindellegi, Switzerland. It was founded
In 1890, in Bremen, Germany, by August Kuehne and Friedrich Nagel. It provides sea freight and
Airfreight forwarding, contract logistics, and overland businesses with a focus on providing IT-
Based logistics solutions. In 2010, Kuehne + Nagel was the leading global freight forwarder,
Accounting for nearly 10% of the world 's air and sea freight business by revenue, ahead of DHL
Global, DB Schenkers Logistics, and Panalpina Logistics. As of 2012, it has more than
1,000 offices in over 100 countries, with over 63,000employees. (Kuehne+Nagel.com)
The recession proves to be a devastating time for companies in the United States. Many
American’s lost their homes 401K and stocks took a huge drop. Although most companies were going through a troubled time how was Kuehne + Nagel able to keep its profits up?
The global logistics business its self is about 11% of the global GDP (The World Bank; cf.
Barclays (July 2013). The big players in the global logistics business are oligopolistic as they are
Few that controls the logistics business. Kuehne + Nagel 4PL provides Outsourcing for its customers along with a demanding
Integrated multi modal services. Optimizing its end-to-end supply chain. The market

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