Thursday, June 20, 2024

Kuehne + Nagel sells major part of its UK contract logistics portfolio

Kuehne + Nagel has entered a definitive agreement to sell a major part of its UK contract logistics portfolio to XPO Logistics. This will include drinks logistics, food services and retail & technology businesses. These operations generated a turnover of around £806 million in 2019. Dr Detlef Trefzger, CEO of Kuehne + Nagel International AG, […]

Kuehne + Nagel airfreight profits remain stable

Kuehne Nagel acquires Salmosped

Airfreight volumes at Kuehne + Nagel fell as the whole market declined, but profits have remained stable. Between January and September, net turnover was down 2.6% to 3.5 billion Swiss francs (CHF), with earnings before interest and tax (EBIT) declining 3% to CHF 263 million due to challenging market conditions. Airfreight volumes fell 6.4% to […]

Slow markets hit airfreight at Kuehne + Nagel

Kuehne Nagel acquires Salmosped

Airfreight decreased in the first half of 2019 at Kuehne + Nagel due to stagnating markets of some key industries. Volumes were down 5.8% to 813,000 tonnes but growth was achieved in the pharma and healthcare sector, as well as perishables. Quick International Courier, a time-critical service provider for the pharma and healthcare and aviation […]

Another successful year for Kuehne + Nagel

Net profits at Kuehne + Nagel grew by 4.3% in 2018, helped by airfreight volumes and EBIT growing at double digit rates. Yearly net turnover was up from 18.6 billion Swiss francs (CHF) in 2017 to CHF 20.7 billion in 2018, with earnings for the year growing from CHF740 million in 2017 to CHF772 million […]

Airfreight volumes at Kuehne + Nagel grow 20% in the first quarter

Profits at Kuehne + Nagel have grown at double digit rates with airfreight volumes increasing by more than 20 per cent helped by strategic acquisitions. Earnings for the period increased by 11.5 per cent from 165 million Swiss francs (CHF) in the first quarter of 2017 to CHF 184 million ($188 million), with net turnover […]