Reflecting the general downturn of the airfreight market, first-quarter results from Kuehne + Nagel showed a 3.1% drop in air cargo volume to 409,000 tonnes, despite a 7.3% rise in gross profit and a modest 2.5% increase in earnings before interest and taxes (EBIT). Describing the market as “declining,” K+N said the air unit “developed […]
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