Kuehne+Nagel writes off peak shipping season

The world’s largest logistics provider threw cold water on prospects for a measurable rebound in cross-border freight transportation during the normally busy months leading up to holiday shopping events. 

Kuehne+Nagel and rival powerhouse DSV this week reported sharply lower earnings for the second quarter that aligned with the broader industry’s prolonged downturn, singling out airfreight as the weakest part of their businesses. Both emphasized that they have adapted to more normalized market...

https://www.freightwaves.com/news/kuehne-nagel-writes-off-peak-shipping-season

From windfall to sustainable profit for Kuehne+Nagel, DSV

The first-quarter earnings of global logistics giants Kuehne+Nagel and DSV showed a remarkable drop in profits that reflected the industry’s quick cooldown in the past year — with a big silver lining.

In reality, the down results were quite positive compared against historical trends and not the hyperinflated conditions of the pandemic, when supply chain disruptions and soaring goods demand sent freight rates through the roof. They also beat analysts’ expectations.

Instead of windfall profits,...

https://www.freightwaves.com/news/from-windfall-to-sustainable-profit-for-kuehne-nagel-dsv

Kuehne+Nagel’s net earnings exceed US$3 billion in FY2022

Kuehne+Nagel closed the financial year 2022 with improved financial figures, increasing its net earnings by 30%, reaching around US$3 billion.

The company’s net turnover also increased by 20% to US$42 billion, while earnings before interest and taxes (EBIT) grew by 28% to US$4 billion and earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose by 23% to US$4.8 billion.

Additionally, the conversion rate, which describes the ratio of EBIT to the gross profit of the group, was...

https://container-news.com/kuehnenagels-net-earnings-exceed-us3-billion-in-fy2022/

Mercedes-Benz to benefit from new cargo service at Birmingham airport

Kuehne+Nagel, the world’s largest airfreight forwarder by revenue and volume, is establishing a cargo transfer facility at Birmingham-Shuttlesworth International Airport in Alabama to support the expansion of its private air service and avoid freight congestion plaguing most large airports. One customer that potentially could enjoy substantial improvements in supply chain efficiency from the arrangement is Mercedes-Benz.

The move represents the company’s first presence in Alabama and its first...

https://www.freightwaves.com/news/mercedes-benz-to-benefit-from-new-cargo-service-at-birmingham-airport

Kuehne+Nagel reports strong earnings growth in 2022

Kuehne+Nagel has announced a net turnover of US$31 billion, earnings before interest and taxes (EBIT) of US$3.1 billion and net earnings of US$2.3 billion in the first nine months of the year, marking the best-ever nine-months results for the company.

From January to September 2022, Kuehne+Nagel achieved significant increases with its net turnover increased by 40%, EBIT by 71% and net earnings by 73%.

Stefan Paul, CEO of Kuehne+Nagel International AG, commented, “Kuehne+Nagel posted its best-ever...

https://container-news.com/kuehnenagel-reports-strong-earnings-growth-in-2022/

Kuehne+Nagel reports strong Q1 financial results

Kuehne+Nagel has achieved increases in its financial figures during the first quarter of the year, compared to the 2021 Q1 results. The company has improved its net turnover by 68% to US$10.5 billion, earnings before interest and taxes (EBIT) by 160% to US$1.1 billion and earnings by 162% to US$858 million.

Dr. Detlef Trefzger, CEO of Kuehne+Nagel International AG, commented, “Strong demand for capital and consumer goods continued in the first quarter of 2022. In parallel, the already strained...

https://container-news.com/kuehnenagel-reports-strong-q1-financial-results/

Despite rising risks, shipping lines on track for another record year

container shipping lines

The year is almost a third over, and with each passing month, shipping lines look increasingly likely to pocket even more cash in 2022 than in record-trouncing 2021.  

New data and commentary released Tuesday by ocean carrier Maersk, freight forwarder Kuehne+Nagel and consultancy Drewry highlight just how profitable this year is shaping up to be for ocean carriers — and how expensive it’s looking for importers.

Drewry’s baseline forecast now calls for ocean carriers as a group to earn $300...

https://www.freightwaves.com/news/despite-rising-risks-container-shipping-poised-for-another-record-year

Maersk and CMA CGM join global decarbonisation initiative

A.P. Moller – Maersk, CMA CGM, PSA International and Kuehne+Nagel are among the 27 participants in a decarbonisation initiative that aims to the development of a guidance to quantify the impact of end-to-end greenhouse gas (GHG) logistics emissions from supplier to the final customer.

Global companies from the shipping, logistics, transportation and other sectors have joined forces to increase transparency on carbon emissions and work towards net-zero logistics, while over the past year,...

https://container-news.com/maersk-and-cma-cgm-join-global-decarbonisation-initiative/