News / Weak dollar impacts K+N turnover, but volumes and half-year profits are up

14/07/2014

The world’s largest third-party logistics provider, Kuehne + Nagel, has reported slightly higher half-year net profit on the back of contracting revenues.

The Swiss giant today released its results for the first six months of the year, which saw net turnover of CHFr8.5bn (US$9.5bn), compared with CHFr8.55bn in the same period last year. However, its net profit increased 8.3%, from CHFr289m in the first half of last year to CHFr313m this year.

The company said its revenues and gross profits had been ...