Kuehne Nagel

K+N sees strong profitability despite currency hit

by Payload Asia

Kuehne + Nagel reported “excellent performance" in the air freight sector for the first half of 2015, which helped the global logistics giant to post a 4.2 per cent rise in net earnings for the period to CHF 326 million (US$341.5 million), compared to the same period in 2014. This was despite a negative currency impact of 7.3 per cent, the group said, while noting that revenue fell 3.2 per cent compared with the first half of 2014, to CHF 8.23 billion. Commenting on the results, Detlef … [Read more...] about K+N sees strong profitability despite currency hit

Kuehne+Nagel to acquire ReTrans

by Payload Asia

The Kuehne + Nagel Group has entered into an agreement to acquire ReTrans Inc., a US-based provider of multimodal transportation management solutions. The acquisition builds on Kuehne + Nagel’s overland strategy and will significantly strengthen the company’s position as an end-to-end logistics provider in North America. Founded in 2002 and headquarted in Memphis, TN, ReTrans ranks among the leading US non-asset brokerage providers of intermodal transportation, as well as full … [Read more...] about Kuehne+Nagel to acquire ReTrans

Kuehne+Nagel to acquire ReTrans

by Payload Asia

The Kuehne + Nagel Group has entered into an agreement to acquire ReTrans Inc., a US-based provider of multimodal transportation management solutions. The acquisition builds on Kuehne + Nagel’s overland strategy and will significantly strengthen the company’s position as an end-to-end logistics provider in North America. Founded in 2002 and headquarted in Memphis, TN, ReTrans ranks among the leading US non-asset brokerage providers of intermodal transportation, as well as full … [Read more...] about Kuehne+Nagel to acquire ReTrans

3PL market to reach US$925B by 2020

by Payload Asia

The global 3PL market is forecast to reach US$925.31 billion by 2020, according to a new study by Grand View Research Inc. Increased convergence on core competencies by outsourcing secondary business activities such as logistics is expected to drive the 3PL market over the forecast period. Infeasibility in managing geographically dispersed supply chain operations as a result of increased globalisation has led to several companies outsourcing their logistics function. Emerging trends such as … [Read more...] about 3PL market to reach US$925B by 2020