All Kuehne+Nagel Articles – Page 10
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NewsTop 25 airfreight forwarders 2018: K+N continues to close in on DHL
The world’s largest airfreight forwarders had a bumpy landing in 2018 following on from a stellar 2017 (full chart at end of article).Based on figures from consultant Armstrong & Associates, the leading 25 airfreight forwarders recorded a 4.2% increase in volumes to 16.7m tonnes last year.In most years this would ...
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NewsKuehne + Nagel issues CHF 400m inaugural bonds
Kuehne + Nagel International AG has issued two inaugural bonds for a total of CHF 400m in the ordinary course of financing. The proceeds of both bonds will be used for general corporate purposes.The company says first bond has a fixed coupon of 0.02% and a tenor of 3 years ...
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NewsK+N first quarter airfreight volumes fall 3.1% in a 'declining market'
Source: K+NKuehne + Nagel (K+N) saw 2019 first quarter airfreight volumes fall 3.1% to 409,000 tonnes, citing "significant increases in tonnage in the previous years" against the backdrop of "a declining market".The world's largest freight forwarding group recorded a net turnover rise of 7.7% to SFr5.2bn in the first three ...
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NewsKuehne+Nagel full-year profits helped by "outstanding" airfreight
Kuehne+Nagel reported increases in revenues and profits last year as its airfreight division “continued its outstanding development”.The world’s largest forwarder saw its revenues for 2018 increase by 11.7% year on year to SFr24.8bn, while earnings before interest and tax (ebit) was up 5.3% to SFr987m and net profit jumped by ...
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K+N warns of chaos risk with a "disorderly Brexit"
Kuehne + Nagel International (K+NI) has warned that a “disorderly Brexit is the worst solution” and will impose “massive restrictions on the exchange of goods between the European Union (EU) and the UK".Detlef Trefzger, chief executive of Switzerland-based K+N, issued his warning in response to last night’s House of Commons ...
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Kuehne+Nagel opens Ljubljana Airport pharma facility
Kuehne+Nagel (K+N) has opened a pharma & healthcare warehouse in close vicinity to Ljubljana Airport in Slovenia.The forwarder said the facility would carry out the distribution of finished products worldwide and will be used for the storage and distribution of production materials for the pharmaceutical industry.The facility provides an area ...
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Kuehne+Nagel reveals new customer portal
Kuehne+Nagel has launched a new booking portal that will allow customers to get quotes, book and track shipments.The myKN service offers customers a single point of access to all online services, replacing the current Control Center.myKN allows to explore, quote, book and track as well as managing shipments and user ...
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How would a combined K+N and Panalpina stack up in terms of air cargo?
Recent events have fuelled market speculation that Kuehne+Nagel could be interested in holding talks with Switzerland-based freight forwarder Panalpina, but what would a tie-up between the two logistics giants look like in terms of air cargo? (see chart at end of article)The speculation started when Panalpina’s Peter Ulber announced he ...
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K+N Quick off the mark with global courier acquisition
Logistics giant Kuehne+Nagel (K+N) has acquired Quick International Courier, a specialist in tailor-made solutions to the aviation, pharma & healthcare industries, generating more than $200m in annual net revenue.Quick consists of Sterling Aviation, QuickSTAT, Quick Healthcare and Quick Logistics, which will continue to operate as independent product brands.Both parties agreed ...
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K+N achieves new food safety standard for Heathrow perishables centre
Kuehne+Nagel (K+N) has achieved the revised food safety management standard [ISO 22000:2018] at its Heathrow Perishables Handling Centre (PHC).At 28,500 sq ft, the PHC is Heathrow’s largest on-airport chilled facility with 10 dock level doors and three ULD doors.Richard Werran, group director, food EMEA, with business standards company BSI, said: ...
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K+N airfreight tonnages up 16% in first nine months of 2018
Logistics giant Kuehne+Nagel (K+N) saw airfreight tonnage increase by 16% to 1.3m tonnes in the first nine months of 2018, well above market growth, with major contributions from industry-specific end-to-end solutions.Detlef Trefzger, chief executive of K+N International, said: “Kuehne+Nagel has continued its dynamic performance from the first half of the ...
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K+N swoops on Indonesian logistics firm as it targets e-commerce
Kuehne+Nagel has acquired the logistics operations of Indonesia's Wira Logistics as it expects the country's e-commerce market to grow rapidly.Gianfranco Sgro, member of the managing board of Kuehne + Nagel International AG, responsible for contract logistics, explained the deal: “Indonesia is arguably the most important internet market in South East ...
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K+N opens Baku and Almaty offices
Kuehne + Nagel has opened offices in Baku (Azerbaijan) and in Almaty (Kazakhstan), along with new legal entities, to better serve the "promising markets".The forwarder said the two countries are showing annual GDP growth rates of around 4% as well as rising demand in logistics services primarily in oil & ...
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K+N invests in overland pharma fleet
Kuehne + Nagel (K+N) is strengthening its European pharma fleet as the market for temperature-controlled shipments continues to grow.The forwarder has deployed 35 new pharma trailers and will add a further 45 before the end of this year – plus another 200 in the coming years – in order to ...
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K+N: Trade tensions taking hold
“After a strong gauge in July, the new data show a negative trend. The sharpest slowdown is expected for emerging markets, which are most exposed to any impact from rising trade tensions. In September, a major setback in exports is expected in South Korea, Japan, Taiwan, India, and Brazil.”So says ...
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K+N restructures in Europe
Switzerland-headquartered supply chain services provider Kuehne + Nagel (K+N) is to establish a single integrated region of Europe within its business on January 1 next year.The new Europe region business will have its head office in Hamburg, and within its remit will be consolidated K+N’s management for all European countries.The ...
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K+N in Chinese automotive logistics joint venture
Kuehne+Nagel (K+N) is linking up with Sincero, a Chinese automotive logistics group, to form a joint venture focused on contract logistics for the automotive sector.Switzerland-headquartered K+N will hold a majority share in the new entity, which will increase its automotive logistics footprint in China for European brands by 70%.Gianfranco Sgro, ...
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NewsTop 25 airfreight forwarders 2017: DHL still at the top but Kuhne+Nagel closes the gap
DHL Global Forwarding remained the world’s largest airfreight forwarder in 2017, (see chart below) but second placed Kuhne+Nagel continued to close the gap and the rest of the major players enjoyed a bumper year.As expected, the latest annual figures from analyst Armstrong & Associates show that the world’s top airfreight ...
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Kuehne+Nagel makes another perishables acquisition
Kuehne + Nagel (K+N) has completed the acquisition of the perishables business of Panatlantic Logistics, Ecuador.K+N said the acquisition will enable it to strengthen its position in the export market to the US, Europe and the Asia-Pacific region.Yngve Ruud, member of the Managing Board of K+N International, responsible for airfreight, ...
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K+N sees airfreight volumes grow ahead of the market in Q2
Kuehne+Nagel (K+N) recorded an above market increase in airfreight volumes in the second quarter of the year, while overall group profits were also on the rise.The Switzerland-based freight forwarder saw its airfreight volumes increase by 15.7% year on year during the April-June period to 441,000 tonnes compared with overall market ...