All Kuehne+Nagel articles – Page 6
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Kuehne+Nagel sells minority stake in Apex
Kuehne+Nagel has agreed to sell a 24.9% stake in recently acquired Apex International to private equity firm Partners Group.The forwarder said that following the deal, it will work alongside Partners Group to implement a "transformational value creation plan" for the China-based forwarder with key initiatives including establishing new freight forwarding ...
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IAG Cargo and AFKLM partner with forwarders on SAF flights
IAG Cargo and Air France KLM Martinair Cargo (AFKLMP Cargo) have partnered with more freight forwarders on Sustainable Aviation Fuel (SAF) flights.IAG Cargo has partnered with Kuehne+Nagel (K+N) to complete its first net zero charter chain, comprised of 16 flights, using SAF.Operated between Stuttgart and Atlanta and partially powered with ...
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Top 25 Forwarders: DHL stays at the top despite volume decline
DHL Global Forwarding maintained its position as the leading airfreight forwarder last year despite volumes dropping, while Kuehne+Nagel (K+N) looks set to nab the top spot in the coming years and DSV Panalpina continues its rapid rise up the table (see full table below).The latest annual market figures from consultant ...
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Lufthansa and DB Schenker mark aircraft to highlight sustainability efforts
Lufthansa Cargo and DB Schenker team up on SAF flightsLufthansa Cargo and DB Schenker have highlighted their joint sustainability efforts by putting special livery onto a freighter aircraft.The companies marked one of Lufthansa Cargo's Boeing 777s (D-ALFG) with the words "Flying 100% CO2 neutral powered by DB Schenker" and an ...
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Kuehne+Nagel completes Apex acquisition as it looks to expand in Asia
Kuehne+Nagel (K+N) has completed the majority acquisition of Apex International as part of efforts to expand its presence in the Asian market.The deal was first announced in February but earlier today K+N announced it had now received unconditional regulatory approvals from the competent authorities.The purchase price paid at closing ...
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K+N records first airfreight volume increase in two years
Kuehne+Nagel (K+N) saw quarterly air cargo volumes increase for the first time in more than two years, while revenues and operating profits were also on the up.The Switzerland-headquartered freight forwarder recorded a 16% year-on-year increase in first-quarter airfreight volumes to 433,000 tonnes as the market bounced back from a pandemic-related ...
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DB Schenker and Lufthansa launch Frankfurt-Shanghai CO2-neutral freighter route
DB Schenker and Lufthansa Cargo have teamed up again to launch a regular CO2-neutral freighter route, operating between Frankfurt and Shanghai.Fuel requirements on the flights are covered by sustainable aviation fuel (SAF), which the companies said will save around 174 tonnes of conventional kerosene each week.A Boeing 777F aircraft was ...
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Top air forwarders expect continued capacity constraints for 2021
The heads of Deutsche Post (DP) DHL and Kuehne+Nagel (K+N) are both expecting airfreight capacity to remain constrained for the rest of the year.Speaking to analysts following the announcement of K+N's 2020 financial figures, the forwarder's chief executive Detlef Trefzger was asked whether he expected airfreight rates to collapse this ...
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K+N and American partner to deploy 11m litres of SAF
Kuehne+Nagel has entered into an agreement with American Airlines to deploy 11m litres of sustainable aviation fuel (SAF).The deal is part of K+N's Net Zero Carbon programme. Through the agreement, American will allocate a portion of the carbon reduction benefit generated through its use of SAF to K+N.Also as part ...
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Air cargo boosts K+N in 2020
Kuehne+Nagel's (K+N) airfreight business registered improvements in profits and revenues last year, while the overall business reported declines.K+N said that 2020 was characterised by a weak first and a strong second semester.The forwarder's airfreight business saw revenues for the year increase by 11.6% year on year to SFr5.2bn, gross profits ...
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K+N transports Sinovac Covid vaccines from China to Dominican Republic
Kuehne+Nagel (K+N) has transported Covid-19 vaccines, manufactured by Chinese pharma firm Sinovac Biotech, from Beijing, China to the Santo Domingo, Dominican Republic.The forwarding giant monitored the shipment — containing 768,000 vials of the vaccine — as it moved across its pharma network, to ensure that it was "compliant with the ...
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K+N enters strategic partnership with Chinese pharma firm Jointown
Kuehne+Nagel (K+N) has entered into a strategic partnership with China’s largest non-state-owned pharma distribution company, Jointown.The move comes as the process of K+N's acquisition of freight forwarder Apex moves forward, as it seeks to expand in Asia.The Apex deal is the largest acquisition in K+N’s history and will make the ...
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Apex acquisition set to make K+N the leading airfreight forwarder
Kuehne+Nagel (K+N) has entered into a binding agreement to acquire Apex International Corporation as it looks to expand its presence in Asia.Terms of the deal were not disclosed, but Reuters quotes people familiar with the matter as stating that the transaction is valued at around $1.5bn-$2bn.The deal is the largest ...
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German airfreight market registers 22% decline in 2020
Last year, in the wake of the coronavirus pandemic, global airfreight traffic fell by 10.6% year on year, according to IATA; this is the biggest decline since records began in 1990.But how did the year go for market participants in Germany? How did the top 10 airfreight forwarders and airlines ...
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Five forwarders continue to lead online sales charge
Freight forwarders have improved their ability to provide instant quotes digitally, but this is led by the same group of five companies with others lagging behind.The latest annual mystery shopper report from booking portal Freightos showed that its research showed that more than 25% of digitally requested quotes were provided ...
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Virgin Atlantic Cargo hopes for faster lead times with Norwegian seafood flights
Virgin Atlantic Cargo - EvenesVirgin Atlantic Cargo is extending its cargo-only network to Harstad/Narvik Airport in Norway, hoping to offer faster lead times to the US than operations using the usual Oslo route.The first official flight of the twice-weekly flight will depart on Wednesday. The service will utilise B787-9 aircraft ...
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AFKLMP and K+N launch first zero emissions airfreight route
Air France KLM Martinair Cargo (AFKLMP) and Kuehne+Nagel (K+N) have teamed up to launch a zero emissions airfreight route — the first route of its kind in the industry.The companies said that all of K+N's cargo on the Los Angeles—Amsterdam route would be covered by sustainable aviation fuel (SAF)."This first ...
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Air Cargo News’ Top 10 most read in 2020
It’s fair to say that last year was a year like no other for the airfreight industry.Yet, as ever, the Air Cargo News was happy to keep you up-to-date with the latest news — the good, the bad and the unprecedented.And our reader numbers continue to rise, with pages read ...
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Kuehne+Nagel and Moderna finalise deal for vaccine distribution
Kuehne+Nagel (K+N) and Moderna have finalised a deal that will see the freight forwarder supporting the supply chain and distribution of the pharma firm's Covid-19 vaccine.K+N said that as part of the deal, it will support the distribution of vaccines from Moderna’s supply chain in Europe, to destinations in Europe, ...
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Supply chains set to swing into action as Europe approves vaccine
European pharma supply chains are set to swing into action after the European Medicines Agency approved the use of the Pfizer-BioNTech vaccine.Express giant UPS said its cold chain storage and transportation competencies are ready and on standby to assist with deliveries throughout Europe."With our UPS Healthcare campus and freezer farms ...