News / Air freight a star performer as K+N gets 2018 off to a flying start

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 ...