News / Efficiency the key as K+N retains top forwarder spot despite currency impact

Another day, another top forwarder reporting results. This time, it’s Kuehne + Nagel, claiming another “successful year” – despite a slight fall in gross profit.

The group claimed CHF679m (€626m) in earnings for the year, up from CHF644m. Net turnover fell 4.4% to CHF16.7bn, however, owing to a strong Swiss franc.

In sea freight, K+N said it had focused on profitable business, resulting in a volume fall in the first half, although the second half saw growth in North American and intra-Asia tradelanes.

While ...