Kuehne and Nagel airfreight up

KUEHNE + Nagel’s airfreight sector recorded a 14.5 per cent jump in volumes during the first nine months of 2011 against the year-ago period.

The group’s net earnings between January and September climbed to CHF 454 million (US$507 million) from CHF 449 million ($501 million) in 2010.

Operational result or EBITDA for the period totalled CHF 728 million ($812 million), down by 2.4 per cent from CHF 746 million ($832 million) a year earlier.

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