News / Air and sea the star performers as K+N turns in a healthy boost in profits after Q3

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The world’s largest freight forwarder, Kuehne + Nagel, today reported an 8% increase in profits for the first nine months of the year, following higher-than-market growth in air and sea freight volumes.

The Swiss company revealed that it had handled 2.883m teu during the period, 211,000teu more than the first nine months of 2013, representing a year-on-year growth of 8%, which it said was twice the rate of market growth.

However, weak freight rates and adverse currency effects meant that net turnover ...