All K+N articles
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NewsK+N uses SAF to minimise Mercedes-Benz carbon footprint
Jörg Burzer (L) and Heiko Schuhmacher (R) Source: Kuehne+NagelSupply chain services provider Kuehne+Nagel (K+N) has pointed to its use of sustainable aviation fuel (SAF) in supporting Mercedes-Benz’s logistics chains into the US for over a year as helping the Germany-headquartered automotive manufacturer to lessen its CO2 emissions by approximately 11,000 ...
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NewsAsia exports boost K+N airfreight volumes in Q2
Healthcare and semiconductor shipments, Asia exports and Red Sea disruption helped drive up airfreight volumes for Kuehne+Nagel (K+N) in the second quarter of 2024.Airfreight volumes at K+N increased 7.3% to 517,000 tonnes in the second quarter of 2024 compared to the same quarter in 2023.Net turnover in K+N's air logistics ...
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NewsK+N sees airfreight turnover and profits fall in first quarter
Both airfreight-related turnover and profit fell year on year in the first quarter of 2024 for Kuehne+Nagel (K+N), contributing to some disappointing results across the business.Across K+N, turnover was down by 18% over the first quarter of 2023, gross profit by 13%, and the figures for K+N’s Air Logistics segment ...
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K+N switches to direct reporting for country organisations
Kuehne+Nagel's (K+N) board of directors has approved a new direct reporting system for country organisations.This change aims to help the company improve efficiency and achieve more profitable growth.By simplifying responsibilities, the new structure is expected to enable K+N's business and functional units to adapt their strategy in line with rapidly ...
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NewsE-commerce and perishables lift K+N after Q4 airfreight volume decline
E-commerce and perishables business helped soften the blow of a drop in airfreight volumes for Kuehne+Nagel (K+N) in the fourth quarter.Airfreight volumes at K+N dropped 2.2% to 533,000 tonnes in the fourth quarter of 2023 compared to the same quarter in 2022.Net turnover in Kuehne+Nagel's (K+N) air logistics division in ...
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Kuehne+Nagel sees slower Q3 airfreight growth
Kuehne+Nagel’s (K&N) air logistics division saw positive but slower growth in the third quarter of 2022 as airfreight market capacity has grown and demand dropped.The air division’s third-quarter net turnover was SFr2.8bn, up 7% from the same period of 2021, earnings before interest and tax (ebit) was SFr323m, 35% up ...
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Novo Nordisk signs up for SAF with K+N
Healthcare firm Novo Nordisk has partnered with Kuehne+Nagel (K+N) to use 12m litres of sustainable aviation fuel (SAF) for its air cargo shipments.The agreement comes as the healthcare firm has the ambition to reach zero CO2 emissions from operations and transport by 2030."With the deployment of 12m litres of SAF, ...
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NewsK+N profits surge with capacity constraints set to persist
Kuehne+Nagel (K+N) saw profits and air volumes soar in the third quarter thanks to higher rates in air and ocean and its investment in Apex Logistics.The forwarder saw third-quarter revenues increase 70.3% year on year to SFr8.6bn, earnings before interest and tax (ebit) was up 112.6% to SFr789m and net ...
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NewsCargolux and K+N pilot API connectivity for quotes & bookings
Cargolux has launched a set of Application Programming Interfaces (APIs) to offer customers a direct interface between their systems and the European freighter airline’s platform to receive tailored and immediate bookable quotes.This system is piloted by Cargolux’s Brussels, Milan, Frankfurt, and London offices in collaboration with long-standing freight forwarding customer ...
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InsightsK+N strives for greener air cargo supply chains
Marcel Fujike, head of products and at global freight forwarder Kuehne+Nagel, speaks to Roger Hailey about how the business is working towards operating more sustainably.Airfreight’s stakeholders already have strategies for fighting climate change, which face further scrutiny after a United Nation’s scientific report issued “code red” for humanity on the ...
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NewsK+N extends at Heathrow South to meet pharma requirements
AIPUT Heathrow South Cargo CentreGlobal forwarder Kuehne+Nagel (K+N) has signed a lease extension to 2030 for its Heathrow South Cargo Centre warehouse at Heathrow Airport.Landlord Aberdeen Standard Investments’ AIPUT fund (Airport Industrial Property Unit Trust) said that the agreement secures the site’s pivotal role as a nationally important facility for ...
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DSV and K+N take differing approaches to job cuts during the Covid-19 crisis
In late April Copenhagen-headquartered DSV Panalpina announced that it would cut around 3,000 jobs as a result of the coronavirus outbreak and its impact on the market.The logic to the move could be seen in the volume declines reported by many of the major forwarders – if you aren’t selling ...
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NewsKuehne+Nagel sees airfreight volumes decline again in Q3
Kuehne+Nagel saw airfreight volumes and revenues decline in the third quarter, but it managed to maintain profitability.The company reported a 7.5% year-on-year drop in third-quarter airfreight volumes to 406,000 tonnes, revenues declined by 6.7% on a year ago to SFr1.3bn but earnings before interest and tax (ebit) were flat at ...