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The freight forwarder all its rivals love to hate, Kuehne + Nagel, has released first half results which appear to be relatively healthy in such a challenging and competitive market.

A cost-cutting reorganisation saw its net income for the second quarter rise 6.3%, to CHF153m (€124m), while revenues rose just 1.4%. For the first half of the year, turnover rose 3.3% to €8.3bn, with net earnings rising to €233m.

Sea freight saw stable results, with volumes rising 3% in the first six ...

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