Airfreight demand expected to weaken through Q2
Weak ecommerce demand has seen cancellations of airline block space agreements and charters, particularly to the ...
By Alex Lennane
Kuehne + Nagel has reported a strong start to the year, with double-digit growth across the board – and it expects the pace to continue.
Turnover grew 13% to Sfr4.68bn ($4.97bn), resulting in gross profit up 11.8% to Sfr1.84bn and earnings of Sfr184m, up 11.5%.
The most challenging market environment continues to be sea freight, but K+N saw volumes rise 5%, despite the halt in recycling exports to China, which cost it more than 100,000 teu in volumes.
It cited intra-Asian operations as a trigger ...
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