K+N

K+N to open Chile pharma logistics

Next month, Switzerland-based forwarder and logistics service provider Kuehne + Nagel’s (K+N’s) new 17,600-sq.-meter hub will serve South America’s expanding pharma and healthcare industry through dedicated warehousing. The space could eventually be expanded up to 23,300 sq. meters and will connect to K+N’s global KN PharmaChain network. The logistics hub will offer a quality-control laboratory for […]

K+N flies high as first-quarter air freight volume surges

Switzerland-based forwarder and logistics services provider Kuehne + Nagel reported first-quarter 2018 net income up 11.5% y-o-y to US$191 million, as gross profit (what some forwarders call net revenue) rose 11.8% to $1.92 billion. Operating income (EBIT) for the quarter was up 12.9% to $245 million. All three of the company’s forwarding divisions (Airfreight, Seafreight, […]

Temasek, Kuehne + Nagel to target logistics startups with accelerator

On 15 January, Switzerland-based Kuehne + Nagel and Singapore-based investment conglomerate Temasek signed an MoU to form a jv that will funnel investments into new logistics startups – a welcomed sign that innovation is finally starting to permeate the air cargo and logistics industries. Startups are typically known for disrupting established industries and forcing current […]

DHL GF the latest legacy forwarder to digitalize air freight bookings

The phone call that was once required for a shipper to book an airfreight shipment with a legacy forwarder may soon become unnecessary for general freight shipments. On 30 November, DHL Global Forwarding announced it was expanding the capabilities of its customer portal DHL Interactive Online Freight, with the introduction of an Online Freight Quotation […]

K+N, JD.com launch import quality-control system

China’s largest e-commerce company by revenue, Beijing-based JD.com, is stepping-up its efforts to combat counterfeiting by testing a quality control check system, managed by Switzerland-based forwarder Kuehne + Nagel, that adds item-level visibility to JD’s import supply chain. The two companies have already implemented the ‘Transfer Center’ approach at a brand manufacturer’s warehouse in Japan, […]

A tale of two (Swiss) forwarders

Switzerland-based forwarding and logistics giants Kuehne+Nagel and Panalpina posted their third quarter results this week, and while the companies may be geographically close, their results are not close at all. Detailed third-quarter and year-to-date results for both K+N and Panalpina are shown in the charts at right, but here are a few comparisons from the […]

Air freight carries Panalpina’s second quarter

The robust 2017 air cargo market continues into its sixth month, and there are clear indications that profitability has improved for air freight forwarders. As can be seen from the chart at right, Switzerland-based forwarder Panalpina reported 2Q17 net income of US$19 million, a significant improvement over net income of $5 million for 2Q16.  Operating […]

Air freight success boosts K+N’s second quarter

Switzerland-based forwarder and logistics services provider Kuehne + Nagel reported second-quarter net income up 2.1%, as gross profit (what some forwarders call net revenue) rose 3.9% to US$1.81 billion. EBIT for the quarter was up 2.1% to $200 million. These low-single-digit financial numbers hide the fact that K+N’s Airfreight and Seafreight business units turned in […]
Page 1 of 212 »
Get Latest Issue