Kuehne + Nagel (K+N)outpaced a “stagnating airfreight market” to grow its own volumes by 5.1% in the first nine months of 2015.
The Switzerland-based multimodal logistics giant said of its air cargo business: “The increasing demand for specialised services in the industry segments automotive, pharma, aerospace and perishables contributed to this favourable development as did the good performance in Asia, Europe and North America.
“In comparison to the previous year the conversion rate rose from 27.5 to 30.0%. EBIT increased by 11.0%."
Update to follow.
