All Kuehne+Nagel articles – Page 8
-
News
Kuehne + Nagel highlights "stable" 2019 airfreight results
Kuehne + Nagel (K+N) has released its full-year results for 2019.The Group overall saw its net turnover increase by 1.5% to CHF21.1bn in 2019. The business grew its gross profit by 3.5% from CHF7.7bn in 2018 to CHF8bn in 2019.Meanwhile, earnings before interest and tax (ebit) increased by 7.5% to ...
-
NewsKuehne + Nagel announces changes to board of directors
Kuehne + Nagel International (K+N) has announced that after forty-two years as a member of the board of directors, from May 5, 2020, Thomas Staehelin will not stand for re-election to the board.The proposed new member for election to the K+N board of directors is Dominik Bürgy, a tax expert ...
-
News
Kuehne+Nagel headquarters Asia Pacific region in Singapore
Logistics provider Kuehne+Nagel has announced that it is focusing its attention on growth in the Asia Pacific region, following the success of growth and acquisitions in Europe and North America.With immediate effect, Kuehne+Nagel's Asia Pacific operations, run by 10,000 of its personnel in the region, will be headquartered in Singapore. ...
-
News
Kuehne + Nagel joins Development and Climate Alliance
Logistics services giant Kuehne + Nagel (K+N) has joined the Development and Climate Alliance, an alliance formed in 2018 with the aim of promoting development and environmental protection.The Development and Climate Alliance was established by the German Federal Ministry for Economic Cooperation and Development in co-operation with the Research Institute ...
-
NewsForwarders up their digital offering but there's more work to be done
The leading freight forwarders are making progress in improving their digital services, but there is still more work to be done if the industry wants to capitalise on the opportunity.The fourth annual Freightos Mystery Shopper Survey revealed that 11 of the top 20 freight forwarders now provide a dedicated request ...
-
NewsK+N reports continued pressure on airfreight
Detlef TrefzgerA Kuehne + Nagel (K+N) earnings call yesterday (October 22) offered more detail on the supply chain services giant’s third-quarter and year to date performances that had previously been outlined in a press release and reported in ACN.The financials present a mixed picture. Over the first nine months of ...
-
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 ...
-
NewsKuehne + Nagel expands its Geel pharma facility
Kuehne + Nagel has upgraded and expanded its pharma hub in Geel, Belgium that offers multimodal, temperature-controlled forwarding and warehousing services.The new Geel facility is also fully GxP compliant and certified - meaning it meets pharma handling and storage requirements of various countries.It also has two cold chambers to handle ...
-
News
Kuehne+Nagel launches low carbon transport programme
Freight forwarder Kuehne+Nagel has launched a Net Zero Carbon programme that will aim to reduce the environmental impact of supply chains.The Switzerland-headquartered company said it had launched the programme to proactively address the CO2 footprint of the transportation performed by suppliers such as airlines, shipping lines and haulage firms.K+N will ...
-
NewsKuehne+Nagel and Air France KLM in 'industry first' system connection
KLM 747-400ERF SchipholFreight forwarder Kuehne+Nagel (K+N) and airline group Air France KLM have directly connected their space booking systems in what they claim is an industry first.The two companies said that by connecting their systems shippers would be able to gain direct access to Air France KLM capacity through K+N."Customers ...
-
News
German cargo market drops by more than 20% in June
Airlines and freight forwarders experienced some big declines in German export volumes in June, writes Oliver Link from Air Cargo News sister title DVZ.According to the latest Iata Cargo Account Settlement System (Cass) data, the total volume of freight exported from Germany dropped by 24.6% on a weight basis compared ...
-
NewsDHL sees airfreight volumes slide in Q2
DHL Global Forwarding saw its airfreight volumes decline in the second quarter of the year, but its air gross profit was on the rise.The world’s largest airfreight forwarder reported a 2.4% year-on-year decline in second-quarter airfreight revenues to €1.2bn, while volumes dropped by 5.8% on last year to 502,000 tonnes ...
-
News
Kuehne+Nagel expands perishables network with acquisition of WWP Canada
Kuehne+Nagel (K+N) has acquired Worldwide Perishable Canada (WWP), which further expands the perishable division of the business.Founded in 1999 and headquartered in Nova Scotia, Canada, WWP is a leading freight forwarder that is particularly involved in the exporting of tuna.K+N already has a strong presence on the east coast of ...
-
NewsK+N airfreight volumes fall 5.8% in first half 2019
Kuehne + Nagel (K+N) saw first half 2019 airfreight volumes fall 5.8% to 813,000 tons, blaming “stagnating markets” in some key industries and an “under pressure” global air cargo sector hit by growing trade barriers.At SFr174m, K+N’s airfreight division saw its EBIT down by 4.4% compared to the 2018's like ...
-
News
Kuehne+Nagel signs up with Vienna Airport's pharma handling centre
Kuehne+Nagel has signed up to use the Vienna Pharma Handling Center at the city's airport.The freight forwarder said that as a result of the deal it would have access to its own, exclusive handling area, at the new 1,600 sq m centre.Julian Jäger, member of the Management Board (COO) of ...
-
News
Combined DSV-Panalpina to take 6% of forwarding market
The combined DSV-Panalpina business will hold a market share of 6% when the deal is completed, according to a report by consultant Transport Intelligence (Ti)The Global Freight Forwarding Report 2019 described DSV's takeover of Panalpina as the "most high-profile development in the forwarding sector in the past twelve months".The merging ...
-
NewsTop 25 airfreight forwarders 2018: K+N continues to close in on DHL
The world’s largest airfreight forwarders had a bumpy landing in 2018 following on from a stellar 2017 (full chart at end of article).Based on figures from consultant Armstrong & Associates, the leading 25 airfreight forwarders recorded a 4.2% increase in volumes to 16.7m tonnes last year.In most years this would ...
-
NewsKuehne + Nagel issues CHF 400m inaugural bonds
Kuehne + Nagel International AG has issued two inaugural bonds for a total of CHF 400m in the ordinary course of financing. The proceeds of both bonds will be used for general corporate purposes.The company says first bond has a fixed coupon of 0.02% and a tenor of 3 years ...
-
NewsK+N first quarter airfreight volumes fall 3.1% in a 'declining market'
Source: K+NKuehne + Nagel (K+N) saw 2019 first quarter airfreight volumes fall 3.1% to 409,000 tonnes, citing "significant increases in tonnage in the previous years" against the backdrop of "a declining market".The world's largest freight forwarding group recorded a net turnover rise of 7.7% to SFr5.2bn in the first three ...
-
NewsKuehne+Nagel full-year profits helped by "outstanding" airfreight
Kuehne+Nagel reported increases in revenues and profits last year as its airfreight division “continued its outstanding development”.The world’s largest forwarder saw its revenues for 2018 increase by 11.7% year on year to SFr24.8bn, while earnings before interest and tax (ebit) was up 5.3% to SFr987m and net profit jumped by ...