Ortho Clinical Diagnostics, one of the world’s leading providers of in vitro diagnostic products and services, has awarded an exclusive six-year contract to Kuehne + Nagel to manage its complex cold and temperature-controlled warehousing and distribution requirements in the US. The Kuehne + Nagel Memphis operation is considered to be one of the largest cold chain logistics premises ever designed by a third party logistics provider on behalf of a specific client. As part of an ongoing supply … [Read more...] about K+N scores major US cold chain logistics deal
K+N
K+N posts a solid 2014 result
It was all-good for Kuehne + Nagel (K+N) in 2014 as the logistics giant posted a 6.1 per cent rise in earnings for the year on the back of improved business across its sectors - seafreight, airfreight, land and contract logistics. In 2014 K+N recorded a net turnover of CHF 17,501 million, up 1.9 per cent (in constant currencies 5.1 per cent) higher than in the previous year. Gross profit rose by 0.5 per cent (in constant currencies 2.9 per cent) to CHF 6.288 million and the operational … [Read more...] about K+N posts a solid 2014 result
Pharma traffic expected to grow 12%
Pharma traffic expected to grow 12% A 12 per cent growth rate is predicted for pharmaceutical air freight over the next five years as air cargo carriers and logistics operators prioritise investment in facilities to cater for the rapidly growing pharaceutical market. In 2011 alone, the pharma logistics market is estimated to be worth €47 billion. Freight giant UPS has invested in five new pharmaceuticals facilities in the past year, while Germany’s Lufthansa recently opened a new … [Read more...] about Pharma traffic expected to grow 12%
K+N considers global job cuts
Kuehne + Nagel Group (K+N) is reportedly considering 4,500 job cuts following the announcement of modest increases in earnings and revenue for 2008 and expressions of concerns over immediate future business prospects. In its annual results statement released this week, the Switzerland-based global forwarding and logistics provider commented that "for the time being there are no indications that world economy will recover quickly; therefore further volume reductions are expected in all business … [Read more...] about K+N considers global job cuts
K+N still experiencing growth
Swiss global forwarder and logistics provider Kuehne + Nagel recently announced its results for the nine months to the end of September, figures which suggested a slowing of market demand but higher profits. In the January-September period, K+N experienced lower sales growth but higher profi ts. Indeed, the company points to hardening profit margins, citing transpacific traffic out of the US as being particularly healthy. The company also explains its strengthening margins over the year to … [Read more...] about K+N still experiencing growth
