Carriers warn of delays as congestion increases at North Europe's ports
Congestion levels are set to rise at ports across Northern Europe – expect schedule disruption, ...
By Alex Lennane
Kuehne + Nagel secured its position as a market leader in air freight with its 2022 annual results, but like its rivals, suffered a poor fourth quarter.
Despite its protestations of “very strong” results, which saw annual net turnover increase by 20%, to CHF39.4bn ($42bn), ebit by 28%, to CHF3.8bn, and net profit by 30%, to CHF2.8bn, its Q4 “was weaker”.
Ebit fell 50% in air logistics, to CHF260m, on turnover down 39% at CHF2.6bn.
“The market in 2022 was characterised by a ...
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