Forwarders’ focus turns to margins in the uncertain global environment

Now that the major freight forwarders have reported their earnings for the first half of 2019, a look at the market finds one of lower airfreight volumes and positive oceanfreight volumes. However, the lesson learned from years past was that volumes do not always equate to profit. Today, the focus is on profits. Simple common […]
  • Cathy Roberson
  • August 12, 2019

Kuehne + Nagel expands network with Jöbstl Group, Worldwide Perishable Canada acquisitions

Kuehne + Nagel is expanding its logistics division with the acquisitions of Jöbstl Group, a medium-sized logistics company based in Austria, and Worldwide Perishable Canada Co. (WWP), a large perishables cargo company based in Canada.  With its integration into Kuehne + Nagel, Jöbstl Group will provide the overall group access to its existing overland network in Eastern Europe and 130 overland branch offices […]
  • Brianne Ledda
  • July 25, 2019

Tough market sees Kuehne + Nagel air volumes down, net earnings up 

Reflecting the continued weakness of the airfreight market, first-half results from Kuehne + Nagel showed a 5.8% drop in air cargo volume to 813,000 tonnes, despite a 5.5% rise in gross profit and a modest 2.0% increase in earnings before interest and taxes (EBIT).  Describing the market as “tough,” Kuehne + Nagel said the air unit’s volume […]
  • Chelsea Toczauer
  • July 23, 2019

E-commerce fulfillment costs are rising faster than revenue, Cargo Facts Consulting finds

In September 2019, Cargo Facts Consulting will publish a new report, the Global E-Commerce Logistics Outlook, to help companies craft their strategies towards a segment that has become increasingly important in logistics. This first in a series of articles leading up to the publication of the report gives insight into our evolving research. E-commerce logistics […]
  • Frederic Horst
  • July 19, 2019

Vienna Airport, K+N enter pharma handling agreement

Yesterday, Vienna International Airport (VIE) and Kuehne + Nagel Austria announced the signing of an agreement establishing Kuehne + Nagel Austria as the “preferred partner” for the handling of pharma shipments at the airport.  Under the agreement, Kuehne + Nagel Austria is granted an exclusive handling area within VIE’s Vienna Pharma Handling Center (VPHC). At the […]
  • Chelsea Toczauer
  • July 5, 2019

K+N air volumes shrink, but net earnings rise in Q1

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 […]
  • Randy Woods
  • April 25, 2019

Strong start to 2018 masks K+N’s weak Q4 results

Swiss forwarding giant Kuehne + Nagel just released its annual results, which show respectable growth in volume and profit looking at the year as whole, but a less fortunate story during the fourth quarter, in which airfreight volume declined 1.5 percent, year-over-year, to 441,000 tonnes and operating profit from airfreight stayed flat, at about US$19 […]
  • Nina Chamlou
  • February 27, 2019

Africa’s ‘Moon Shot’: Preparing for an African air cargo renaissance

Built more than 60 years ago, Nairobi’s Jomo Kenyatta International Airport (NBO) is hardly a cutting-edge example of a modern, global air cargo hub. While there have been some recent expansions to its cool-chain handling facilities, NBO’s connectivity to the rest of the world is relatively modest. Still, Kenya’s largest airport has ardent fans. “Jomo […]
  • Randy Woods
  • February 4, 2019

K+N adds pharma facility in Slovenia

Swiss forwarder Kuehne + Nagel is increasing its foothold in pharma logistics with the addition of a new distribution center and warehouse in Slovenia for its healthcare-oriented clients near Ljubljana Airport (LJU), which it said is one of the largest facilities in its international cool-chain network, “KN PharmaChain.” The 38,000-square-meter facility has capacity for about […]
  • Nina Chamlou
  • December 17, 2018

K+N launches self-service app, myKN

Today, Swiss forwarding giant Kuehne + Nagel made another step toward airfreight digitalization with the launch of “myKN,” a platform that will allow its customers of all its sectors – air, sea and overland – to access K+N’s services digitally. The self-serve customer interface is organized into four main portals: explore, quote, book and track. […]
  • Nina Chamlou
  • November 29, 2018

K+N acquires New York-based time-critical logistics services company

Swiss forwarder Kuehne + Nagel (K+N) is bolstering its foothold in time-critical logistics with the acquisition of Quick International Courier, a New York-based consortium of logistics services companies, with a focus on the healthcare and pharmaceutical industries. “Kuehne + Nagel’s M&A [mergers and acquisitions] strategy is focused on expanding our footprint,” said Detlef Trefzger, CEO […]
  • Nina Chamlou
  • November 21, 2018

K+N reports growth in airfreight, invests in U.S. perishables market

Today, Swiss forwarder Kuehne + Nagel (K+N) released its financial results for the first nine months of 2018, which show growth in its airfreight sector of 19 percent to US$272.3 in operating income (EBIT), and a tonnage increase of 16 percent to 1,302 million tonnes, compared to the same period last year. Growth rates have […]
  • Nina Chamlou
  • October 18, 2018

K+N expands SE Asian footprint

Kuehne + Nagel (K+N) is expanding its services in Southeast Asia with the acquisition of the logistics operations of Indonesian logistics company Wira Logistics. The move will strengthen K+N’s contract logistics services, warehousing capacity and distribution network in Asia to offer customers end-to-end logistics across Indonesia – where K+N has been operating since 1992. The company […]
  • Nina Chamlou
  • October 1, 2018

K+N opens Central Asia offices for O&G market

With the rise in demand for oil and gas (O&G) exploration in the Central Asian region, Kuehne + Nagel (K+N) has opened two new offices in Baku, Azerbaijan, and Almaty, Kazakhstan. The Swiss logistics giant has shown recent interest in the two Commonwealth of Independent States (CIS) countries, which have each shown annual GDP growth […]
  • Randy Woods
  • September 27, 2018
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