Tuesday, July 23, 2024

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 […]

Strong first half of 2022 for K+N despite strong winds

Despite global challenges, in the first half of 2022 the Kuehne+Nagel Group successfully positioned its logistics service offering in the market. In the first six months, net turnover rose by 55% year-on-year to CHF 20.6 billion, EBIT by 112% to CHF 2.2 billion, earnings by 113% to CHF 1.6 billion and free cash flow increased […]

K+N introduces EV services for airport transfers in India

Kuehne+Nagel, the global logistics company, has launched an electric vehicle service for airport transfers in Mumbai, India. With this service, Kuehne+Nagel aims to switch to electric vehicles in a phased manner to reduce its carbon footprint and progress towards a sustainable future and Greener India. The Indian-made electric vehicle “Mahindra Treo Zor” will shuttle air […]

Kuehne + Nagel resilient in the face of crisis

As a result of the coronavirus pandemic, business volumes declined sharply in the first quarter of 2020. Kuehne + Nagel Group’s net turnover, gross profit and earnings were significantly below last year’s levels. Furthermore, currency fluctuations had a significant negative impact. Dr Detlef Trefzger, CEO of Kuehne + Nagel International, comments: “The coronavirus pandemic is […]

Kuehne + Nagel to accelerate development in Asia Pacific

Following the successful combination of the former three European regions into one Europe, the significant growth and successful integration of three major acquisitions in the North America region, the focus for the years to come is on Asia Pacific. Kuehne + Nagel, one of the world’s leading logistics providers, sets path for further and accelerated […]

Successful first half of 2018 for Kuehne + Nagel’s airfreight division

Kuehne+Nagel acquires Salmosped

First half profits for Kuehne + Nagel have grown by 9.6 per cent with the airfreight division posting “successful” results. Net turnover for the group was up 14.2 per cent to 10 billion Swiss francs (CHF), with earnings for the period increasing 9.6 per cent to CHF390 million. The airfreight division has been performing well, […]

Riege elected to ACCF board

During its general meeting on Thursday, June 7, the committee of the Air Cargo Community Frankfurt (ACCF) elected Riege Software CEO Dr Tobias Riege, as a titular member of its board. Dr Riege, who beat a rival candidate, does not claim this as a victory: “I did not win an election, I have gained trust and credit, […]

Kuehne + Nagel moves to state-of-the-art office in Wakefield

Kuehne+Nagel acquires Salmosped

Kuehne + Nagel has moved its branch in Leeds to a state-of-the-art office space in the heart of Wakefield. The new location is two miles from Wakefield city centre and 15 miles south of Leeds, providing access to all of Yorkshire, being adjacent to J39 of the M1 motorway and close to the M62 motorway. […]

Airfreight at Kuehne + Nagel has an outstanding year

Kuehne + Nagel’s airfreight sector has had an outstanding year in 2017, growing at twice the market rate, helped by strong performances in sectors including pharmaceuticals. Airfreight tonnage increased by 20.4 per cent, twice the market rate of 10 per cent, which itself grow at the highest rate since 2010. Industry specific areas such as […]

K+N launches KN BatteryChain to transport lithium batteries

Kuehne + Nagel has launched KN BatteryChain, the first integrated supply chain solution addressing the increasing global demand for lithium batteries driven by battery-powered vehicles. KN BatteryChain is fully compliant with international dangerous goods regulations and certified against ISO9001. It spans transportation by sea, air, rail and road from the manufacturer to the assembly line […]

Airfreight flies high at Kuehne + Nagel in first half

Net turnover increased by 8.2 per cent at Kuehne + Nagel in the first half of 2017 with the airfreight division seeing strong growth particularly in premium sectors. Airfreight volumes increased 18 per cent with new business gained in the pharma, aerospace and perishables industries, while strict cost control and productivity increases due to automation […]

Kuehne + Nagel opens Aberdeen facility for oil and gas industry

Kuehne + Nagel has opened an 11,000 square metre facility in Aberdeen specialising in services for the oil and gas industry. The facility, which has been fully operational since the end of March 2017, is close to Aberdeen Airport and Aberdeen Harbour and will offer international freight forwarding and integrated supply chain services to the […]

Kuehne + Nagel profits rise 6% in 2016

Kuehne + Nagel’s profits rose by six per cent to 720 million Swiss francs ($715 million), helped by strong growth in the airfreight segment. Airfreight earnings before interest and tax was up from CHF265 million in 2015 to CHF298 million in 2016 despite revenue dipping from CHF5.5 billion to CHF5.4 billion. Airfreight tonnage increased 4.3 […]

Kuehne + Nagel airfreight business grows despite Q3 challenges

Kuehne + Nagel’s (K+N) airfreight business has registered a strong growth in EBIT in the first nine months of 2016 despite the company seeing falls in the third quarter. Airfreight earnings before interest and tax (EBIT) rose by 8.9 per cent to 220 million Swiss francs ($222 million) in the first nine months of 2016, […]

Kuehne + Nagel gains supply chain deal with Belcorp

Kuehne + Nagel (K+N) has been chosen as preferred provider of intercontinental cargo flows and exclusive end-to-end shipment order management partner for beauty and cosmetic manufacturer, Belcorp. K+N will provide transportation services including all airfreight and seafreight operations from Europe, Asia and within the Americas. It will handle shipment order management, door-to-door visibility, monitoring, tracking […]

Kuehne + Nagel sees profit increase despite turnover dip

Kuehne + Nagel (K+N) has seen profits increase by 9.2 per cent in the first half of the year to 356 million Swiss francs ($362 million) despite turnover dipping. Net turnover was down 0.9 per cent to 8.1 billion Swiss francs and the airfreight sector was down slightly from 1.98 billion in the first half […]

K+N and Hellman join Air Cargo Community Frankfurt

Kuehne + Nagel (K+N) and Hellman Worldwide Logistics have joined Freight Forwarding and Logistics Association Hessen/Rhineland-Palatinate (SLV) in becoming members of the Air Cargo Community Frankfurt. The community now has 41 members from all sectors of the air logistics chain, to represent the interests of cargo at Frankfurt Airport. K+N has over 67,000 employees in […]

Kuehne + Nagel opens office in Dominican Republic

Kuehne + Nagel (K+N) has opened its first office in the Dominican Republic to handle both sea and airfreight. The company says the office, based in the capital, Santo Domingo, will offer special facilities for pharmaceuticals, perishables and consumer goods. K+N says the Dominican Republic’s geographic position makes it a strategic location for imports and […]