All Kuehne+Nagel articles – Page 5
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News
Supply chain costs to rise as Ukraine crisis bites
Freight forwarders are warning of higher supply chain costs as the impact of the invasion of Ukraine disrupts transportation operations.The forwarding sector said the airspace restrictions imposed by Russia, European states, Canada, the UK and in North America were forcing airlines to cancel and adjust services."Adjustments to flight schedules are ...
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NewsApex acquisition helps K+N to rapid airfreight growth
Kuehne+Nagel (K+N) saw its airfreight volumes increase by more than half last year as industry-wide demand soared and the company benefitted from its acquisition of Apex.The forwarder's total airfreight volumes for 2021 were up by 54.9% year on year to 2.2m tonnes, air revenues increased by 97% to SFr11.5bn and ...
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NewsAtlas Air strikes charter agreement with Kuehne+Nagel
Photo: Atlas Air WorldwideAtlas Air will operate two new Boeing 747-8 freighters on a global basis for freight forwarder Kuehne+Nagel (K+N) in a long-term, dedicated charter agreement.The US-based freighter lessor will operate the aircraft for K+N following their delivery from airframer Boeing, with one expected in the third quarter and ...
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News
K+N targets Africa with network expansion
Freight forwarding giant Kuehne+Nagel (K+N) has expanded its presence in Africa through the addition of several new offices across the continent.The Switzerland-headquartered company told Air Cargo News that it began the expansion project in 2021 with the second phase being completed this year.In total, K+N has added 10 countries to ...
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NewsNew CEO for Kuehne+Nagel in 2022
Trefzger (L) and Paul. Copyright: Kuehne+NagelDetlef Trefzger is next year set to step down as chief executive of Kuehne+Nagel (K+N) for private reasons.After nine years, Trefzger will leave the top job at the Switzerland-headquartered freight forwarder on August 1 to be replaced by Stefan Paul, who has been a member ...
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NewsK+N offers SAF for all shipments
Source: Kuehne+NagelKuehne+Nagel (K+N) has begun to offer customers the option to purchase Sustainable Aviation Fuel (SAF) for shipments to reduce the environmental impact of supply chains.The add-on is available on all K+N airfreight quoting platforms and channels.As SAF still produces some CO2 emissions, carbon neutrality is achieved by substituting each ...
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News
K+N scoops UK's International Express Freight Service for urgent medical shipments
Kuehne+Nagel (K+N) has been awarded a contract to run the UK's International Express Freight Service (IEFS) for urgent medical shipments on behalf of the Department of Health and Social Care.The service has been launched to deliver products to the UK rapidly when a supplier’s own logistical arrangements are disrupted, to ...
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NewsK+N opens e-commerce fulfilment centre in Luxembourg
Forwarder Kuehne+Nagel (K+N) is expanding its European contract logistics footprint with the opening of a fulfilment centre in Contern, Luxembourg.The expansion reaffirms Luxembourg as a strategic location for K+N in the centre of Europe, with easy access to the continent's most important consumer markets.K+N meets the complex and dynamic supply ...
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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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NewsK+N and Lufthansa Cargo partner on PTL aviation fuel
Kuehne+Nagel and Lufthansa Cargo have agreed on an exclusive partnership for the promotion and use of power-to-liquid (PTL) synthetic sustainable aviation fuel (SAF).The two companies have partnered to purchase 25,000 litres of the fuel per year from what will become the world's first production site for synthetic crude oil in ...
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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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News
DHL to stick with an opportunistic approach to acquisitions
Deutsche Post (DP) DHL will maintain an opportunistic approach to freight forwarding acquisitions despite the spate of takeovers recently announced by some of the company's peers.Speaking after the delivery and logistics giant last week revealed its half year results, DP DHL chief executive Frank Appel was asked whether the company ...
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News
DHL's airfreight volumes take off in Q2
DHL Global Forwarding saw its airfreight volumes improve by double-digit percentage levels in the second quarter on the back of tight capacity and improved demand.The Deutsche Post (DP) DHL-owned forwarder reported a 9% year-on-year increase in second quarter airfreight revenues to €2bn on the back of a 35.7% improvement in ...
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InsightsRates stable in July but elevated prices expected into 2022
Image: ShutterstockAirfreight prices on major east-west trade lanes remained stable in July — albeit at a high level — and expectations are that pricing will remain elevated this year.The latest figures from the Baltic Exchange Air Freight Index (BAI) show that in July average airfreight rates from Hong Kong to ...
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News
Expeditors the latest to outline ongoing air cargo constraints
Congestion and capacity shortages in air cargo are expected to continue as the industry deals with the impact of ocean shipping chaos, heightened demand and lost belly capacity, according to Expeditors senior vice president of global air Kelly Blacker.Speaking on a company podcast, Blacker described the freight market as an ...
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NewsK+N subsidiary opens pharma facility in Singapore
Medical/pharma demand is growing. Image source: K+NQuickSTAT, a subsidiary of Kuehne+Nagel, has opened a control tower and conditioning facility for the processing and storage of pharma goods in Singapore.The conditioning facility is located at K+N's Singapore logistics hub and it offers "a full suite of healthcare logistics services for all ...
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News
K+N's air division earnings boosted by Apex deal
Forwarder Kuehne+Nagel (K+N) has more than doubled its earnings in the first half of 2021.The company said that "continued recovery of the global economy led to strong demand for logistics services", which in turn helped it to achieve group net turnover of CHF13.3bn — 35% higher than the same period ...
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News
Brussels Airport streamlines perishables processing with renewed app
Brussels Airport has renewed its Perishable Management App, which facilitates the digital sharing of documents and certificates for fresh goods.Available through the hub’s BruCloud, the updated app streamlines the inspection process for imported perishables, as well as making the process paperless.“[An] important new feature is the automated integration of shipment ...
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NewsK+N expands perishables network with Salmosped acquisition
Image: Kuehne+NagelKuehne+Nagel (K+N) is expanding its perishables network with the acquisition of Norwegian freight forwarder Salmosped, which specialises in the transportation of seafood.Norway is one of the largest fish and aquaculture producers in the world and its exports have remained strong throughout the pandemic.K+N said that over the years, it ...
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InsightsAir cargo energy logistics: Up and coming
Covid’s impact saw many energy projects suspended or postponed, but the market’s specialist logistics providers are already recharging their batteries for post-pandemic demand.The sudden and significant decline in bellyhold capacity due to Covid drove up the rates for freighter flights, mainly for general cargo but with some effect on heavylift ...