Switzerland-based Kuehne+Nagel reported Q4 gross profit for its airfreight unit up 16.9% year-on-year to CHF 374 million (US$407 million) despite air volumes that were 7.5% lower compared to 2020. Earnings before interest & Tax (EBIT) for its Air Logistics unit rose 134.8% to CHF 155 million ($168 million). The healthy airfreight yield, which reached 41% […]
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