Ocean freight is keeping Kuehne + Nagel on target as its other divisions continue to struggle in a difficult market.   
Ocean turnover rose some 11%, with ebit up 12% to Sfr235m, as group first-half revenue increased 5.3% to Sfr10.6bn ($10.8bn), generating a 42.9% surge in ebitda to Sfr869m and a 2% upturn in profit (ebit), which hit Sfr511m.   
While some analysts suggested the performance was merely “on course”, chief executive Detlef Trefzger tried to sweeten the news.   
“We achieved a high-level result …

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Source: The Loadstar