Monday, July 15, 2024
Kuehne+Nagel debuts on Fortune’s Global 500 list

Kuehne+Nagel debuts on Fortune’s Global 500 list

For the first time, the Kuehne+Nagel group has been included in the Fortune Global 500 list, which is compiled annually by Fortune magazine. With turnover of CHF 36.699 billion in fiscal 2021, Kuehne+Nagel ranks 396th on the list globally and 9th for Switzerland.

The Fortune Global 500 list is the most recognised ranking for the world’s largest stock-listed companies, measured primarily by annual turnover and profits. Fortune Global 500 companies generated turnover totaling USD 37.8 trillion in 2021, more than one-third of the world’s GDP.

Kuehne+Nagel is the world’s largest sea and air freight forwarder and holds significant positions in road and contract logistics. The group has built its success on implementing its strategic focus on customers, technology and people, and by surpassing its ambitious financial targets. As a result, Kuehne+Nagel recorded a remarkably strong performance in the 2021 financial year and continued its successful course in the first half-year of 2022.

Dr Joerg Wolle, chairman of Kuehne+Nagel International AG, says: “Kuehne+Nagel has demonstrated an impressive strategic ability to adapt and proactively responded to the frequent changes around us. The group has proven its worth under these particular circumstances and also managed to demonstrate the essential role it plays for the society at large. The debut on the Fortune Global 500 list reflects the exciting recent development of Kuehne+Nagel as a world-leading logistics Group.”

Picture of James Graham

James Graham

James Graham is an award-winning transport media journalist with a long background in the commercial freight sector, including commercial aviation and the aviation supply chain. He was the initial Air Cargo Week journalist and retuned later for a stint as editor. He continues his association as editor of the monthly supplements. He has reported for the newspaper from global locations as well as the UK.

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