News / Careful business management keeps Kuehne + Nagel group 'on the right track'

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Swiss freight forwarder Kuehne + Nagel (K+N) has refocused its seafreight business on US imports to mitigate the impact of the slowdown in European imports from Asia.

This has improved profitably in the sector “substantially”, it said.

In the first nine months of the year, the world’s largest ocean freight forwarder “exploited growth opportunities in the US import business from Europe and Asia”, and boosted its gross profit per teu by 4.4% on the same period of 2014, to Sfr364 per teu, ...