Alibaba and K+N sign logistics MoU

Today, 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 manager with Alibaba.com. […]

A tale of two forwarders

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, K+N reported a 12.7 percent increase […]

Alibaba goes to sea

Chinese e-commerce giant Alibaba entered a partnership with Maersk, the world’s largest ocean container shipping line, allowing shippers to use Alibaba’s OneTouch website to book space on Maersk vessels. OneTouch, which Alibaba acquired in 2010, targets small- and medium-sized Chinese exporters and allows them to book shipments with air freight and parcel delivery services. And […]

Strong 3Q Airfreight performance for K+N

Switzerland-based forwarder and logistics services provider Kuehne + Nagle reported third-quarter net income down 4.8% y-o-y to US$179 million, as Gross Profit (what some forwarders call net revenue) rose 4.8% to $1.68 billion. Operating income (EBIT) for the quarter was down 3.0% to $225 million. For the first three quarters of 2016, K+N’s net income […]

K+N steals the show in 2Q16

The head offices of two of the world’s largest forwarders are less than 100 km apart in Switzerland. But despite their geographical proximity (and exposure to the same foreign exchange and market effects), second-quarter financial and operating results were once again strikingly different for Kuehne + Nagel and Panalpina. We’ll get to the details below, […]

Full throttle at Expeditors

It was double-digit gains almost everywhere for US-based forwarder and logistics services provider Expeditors International. Expeditors reported third-quarter net income up 10.9% y-o-y to $103 million as net revenue (what European forwarders call gross profit) rose 5.8% to $513 million. Operating income for the quarter increased 8.8% to $159 million. The revenue and income increases […]
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