News / K+N 'still number-one' in air and ocean – but it's not all good news

Photo 195019278 © Tobias Arhelger - Dreamstime.com

Kuehne + Nagel claimed to have retained its position as “number-one globally” for sea and air forwarding, as it announced a “successful” 2024. 

However, analysis by Loadstar Premium today shows that, in fact the results were something of a “bad day at the office” – with an “underwhelming performance”. 

The Swiss company enjoyed net turnover of CHF24.8bn ($27.8bn), up 4% year on year. But ebit was down 13% to CHF1.6bn, while earnings fell 16% to CHF1.2bn. 

It said: “These 2024 results once again ...