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 […]

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 […]

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 […]

K+N, Sincero enter JV targeting auto industry

Kuehne + Nagel (K+N) and Chinese automotive logistics group Sincero are entering a joint venture (JV) to target the automotive industry – with the former company holding the majority share in the agreement. “Contract logistics for the automotive industry is a strategic focus area for Kuehne + Nagel globally and especially in China, the biggest automotive market,” […]

K+N partners with Panatlantic to expand reach into Latin perishables market

Yesterday, Swiss forwarder Kuehne + Nagel (K+N) said it is partnering with Quito-based logistics services company Panatlantic Logistics S.A. in a move that will further expand the company’s South American cool chain network and underpin its global expansion strategy. At present, K+N manages the transportation of perishables for clients operating out of Colombia, Peru, Brazil […]

K+N to manage supply chain for Malaysian oil-and-gas company Petronas

In a move that could have long-term air cargo repercussions, Switzerland-based forwarder Kuehne + Nagel has signed a three-year contract with Malaysia’s government-owned oil-and-gas organization Petronas to manage its supply chain from end-to-end. Under the deal, K+N will handle such duties as freight forwarding services, logistics management and warehouse operations. The partnership will utilize K+N’s […]

K+N releases positive 2018 figures in first-half statement

Today, Switzerland-based forwarding giant Kuehne + Nagel (K+N) released its first-half results for 2018, reporting an airfreight volume increase of 18 percent over 1H17 to 863,000 tonnes. Operating profit (EBIT) in the Airfreight segment increased 20 percent in the half to US$182 million. Looking at the quarterly level, tonnage volume for Q1 increased by 21 […]

Uncertain Certification: Do CEIV-Pharma standards really help?

At an airfreight conference held last fall in Budapest, Marcel Fujike, senior vice president of products and services, global air logistics, for Kuehne + Nagel, commented during a post-roundtable Q&A session about the effectiveness of the growing CEIV standard for pharmaceutical handling. At one point, he remarked, “If we really want to move the industry […]

K+N invests in facilities at BUD

Switzerland-based logistics giant Kuehne + Nagel is establishing its presence at Budapest Airport (BUD), investing in logistics facilities for high-value goods, such as pharmaceuticals, at the centrally located European hub. This news comes as the airport’s administration gears up to commence construction of its new freight center, known as Cargo City – part of the […]

K+N flies high as first-quarter airfreight volume surges

Switzerland-based forwarder and logistics services provider Kuehne + Nagel reported first-quarter 2018 net income up 11.5 percent, year-over-year, to US$191 million, as gross profit (what some forwarders call net revenue) rose 11.8 percent to $1.92 billion. Operating income (earnings before interest and taxes, or EBIT) for the quarter was up 12.9 percent to $245 million. […]

Freightos survey says forwarders are running out of time to modernize

Freight forwarders have come a long way toward adopting digital processes over the last three years in anticipation of the e-commerce revolution, but time is rapidly running out for the laggards that have not yet embraced digitalization. A recent study conducted by Forrester Research for online logistics firm Freightos said some forwarders may be out […]

WCS 2018: Schiphol to release data-sharing tool for flower shipment data

DALLAS – Soon, customers who receive a shipment of fresh-cut roses may be able to tell exactly where the flowers came from, how long the journey took and what condition they are in with just a glance at the air waybill (AWB). Today at IATA’s World Cargo Symposium, Amsterdam Airport Schiphol (AMS) revealed plans to […]

K+N planning logistics innovation centers in Asia, Europe

Swiss freight forwarding and logistics company Kuehne + Nagel (K+N) continues its efforts to advance supply chain management this week, announcing plans to open ‘innovation centers’ in Utrecht and Singapore. Both facilities will serve as “sandboxes to test and rapidly rollout new technologies,” where K+N will work with universities and start-ups to develop automated supply […]

K+N launches international supply chain management software

Last week Swiss forwarder and global logistics company Kuehne + Nagel (K+N) threw its hat into the ring of emerging supply chain digitization platforms, launching its own end-to-end supply chain management service, KN ESP. The modular platform connects previously disjointed supply chain partners, enabling seamless communication between global shippers their vendors, buyers and sellers while […]
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