News / KN consolidates air and sea business and is 'through the tunnel' to overland profits

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The world’s largest sea freight forwarder, Kuehne + Nagel, continued to win further market share in maritime container forwarding in 2014, reporting record results today.

The Switzerland-headquartered group reported a full-year turnover of CHF21.3bn (US$22.4bn), which was essentially flat on the previous year, while earnings before interest and tax (EBIT), a key indicator for the group, rose by 11.1% to reach CHF846m from CHF761m – still some way short of the long-term CHF1bn a year EBIT target that the group set ...