Airfreight lifts K+N’s Q2, with profits doubling as sea/air rates gap narrows

It’s not just the carriers happily filling their coffers, forwarders are also having a stellar year.
Airfreight in particular has pushed up Kuehne + Nagel’s returns.
K+N said this morning, as it released its first-half results, it had delivered an “outstanding” performance, with net turnover up 35%, year on year, to Sfr13.3bn ($14.4bn).
Compared with H1 19 results, pre-Covid, K+N saw a rise of 25% in turnover, while ebit rose 102% on last …

The post Airfreight lifts K+N’s Q2, with profits doubling as sea/air rates gap narrows appeared first on The Loadstar.

Source: The Loadstar

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