The Power 25: How long can the good times last?

EARLY RISERS For this year’s Power 25, the positive trends outweighed the bad. Last year, we at Air Cargo World predicted DSV, following its completed absorption of UTi, would be a fast riser – and rise it did, leaping up seven spots on the Power 25 list, from No. 16 to No. 9. Now that […]

The Power 25 List for 2017

The Power 25 list was compiled with the cooperation of Armstrong & Associates, Inc., a U.S.-based supply chain consulting firm, which ranked the 25 largest forwarders, based on their 2016 air tonnage. Revenue information and tonnage figures for 2016 are either reported by the companies or estimated by Armstrong & Associates. The Power 25: Rank […]

Brexit, high costs undercut strong Q1 business at K+N

Increased volumes and turnover failed to offset currency depreciation, undercutting a strong showing at Kuehne + Nagel Group and ultimately pushing EBITDA and earnings growth into the red. For the first three months of 2017, K+N’s EBITDA was US$257 million, just shy of the previous year’s numbers, while earnings also fell by approximately $4 million […]

Alibaba.com and Kuehne + Nagel to expand partnership

Our sister publication, Cargo Facts reports the world’s second largest air freight forwarder by volume, Switzerland-based Kuehne + Nagel, signed an MoU to offer outbound logistics services to shippers listed on China’s largest business-to-business platform, Alibaba.com. The MoU will expand the scope of a pilot program launched last year which integrated the forwarder’s “KN FreightNet” digital shipment […]

Grünenthal to use Kuehne + Nagel’s pharma logistics

Swiss forwarder Kuehne + Nagel is partnering with pharmaceutical research company Grünenthal to reorganize the pharma company’s worldwide transportation network for highly sensitive pharmaceutical products. Grünenthal has production sites in Europe and Latin America, with a footprint in 32 countries, and products available in 155 countries. The pharma giant will use KN PharmaChain, K+N’s multi-modal […]

Forwarders see higher volumes in Q4, but not all see higher profits

Today our sister publication, Cargo Facts reports: Kuehne + Nagel and Panalpina, two of the world’s largest forwarders and logistics services providers, are headquartered in Switzerland, but while their head offices may be close, their fourth-quarter results are far apart. Despite both carriers reporting significant increases in airfreight volumes, year-over-year, in the fourth quarter of 2016, […]

Freightos study: Will forwarders and IT ever get along?

The freight business is moving online, but not everyone is eager to get on board. The most recent annual “State of Online Logistics Sales 2016 Mystery Shopping Survey,” conducted by Freightos, found that large forwarders have made surprisingly little progress with their online freight booking platforms. “I think it’s time for this industry to catch […]

K+N first logistics firm to earn network-wide CEIV-Pharma cert

Kuehne + Nagel has become the first logistics provider to earn IATA’s CEIV certification for pharmaceuticals to cover its entire KN PharmaChain air network, which involves 86 locations worldwide. The certification, earned through IATA’s Center of Excellence for Independent Validators in Pharmaceuticals (CEIV-Pharma) program, is an assurance that shipments of sensitive pharmaceuticals are handled with […]

Airfreight volumes, earning continue to rise at Panalpina in Q3

Panalpina announced a slight increase in earnings before interest and tax (EBIT) in spite of what it referred to as a “challenging market.” Airfreight volumes for the Swiss forwarder increased 9 percent, year-over-year, for the first nine months of 2016, even as the overall air cargo market decreased by an estimated 1 percent during the […]

Airfright earnings down 4.8 percent at K+N in ‘tense’ third quarter

Kuehne + Nagel said a “tense” global airfreight market in the third quarter and continued pressure on margins contributed to shrinking demand and further capacity increases. As a result, Q3 earnings before interest, tax, depreciation and amortization (EBITDA) in its airfreight division were down 3.6 percent, year-over-year, to US$272.6 million, while operating profit fell 3 […]

K+N’s first-half profits rise despite revenue drop

The Kuehne + Nagel Group reported that gross profits were up by by 8 percent to US$3.3 billion in the first six months of 2016, even as net sales decreased. The logistics provider’s operating result (EBITDA) grew by 10 percent to $554.9 million, while earnings before tax and interest (EBIT) were up $45.6 million over […]

Cargo Community Frankfurt grows despite dip in airfreight

The Air Cargo Community Frankfurt announced on Monday that three major air cargo players had joined the organization, bringing its membership up to 41 companies, representing all sectors of the air logistics chain. The newest additions – the Freight Forwarding and Logistics Association Hessen/Rhineland-Palatinate (SLV), Kuehne + Nagel and Hellmann Worldwide Logistics – bolster the […]

The Power 2015: Stability at the top

Stability at the top For the top four forwarders on the Power 25 list, ranked by tonnage, there was seemingly little change. DHL’s Supply Chain and Global Forwarding divisions led the field, yet again, by a wide margin, with 2.11 million tonnes of air cargo shipped during 2015. However, the leader hardly had an easy […]

K+N’s Scharwath to take helm of recovering DHL Global Forwarding

Earlier this year, Deutsche Post DHL CEO Frank Appel vigorously defended the performance of its troubled Global Forwarding, Freight, division amid rumors that it might be sold at a fire-sale price. Today, Appel’s defense was solidified yet again with the announcement that Tim Scharwath, former   global head of air logistics at Kuehne + Nagel (K+N), […]
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