Kuehne + Nagel (K+N) has won the contract to be Nestlé Chile’s logistics service provider under which K+N will manage Nestlé’s four distribution centres located across Chile covering the northern area from Antofagasta, the central area from Quilicura (Santiago) and Maipú, and the southern area from Concepción. K+N will also be responsible for distribution services for the shelfstable range of Nestlé products. … [Read more...] about Kuehne + Nagel wins Chilean Nestlé deal
Kuehne Nagel
Kuehne + Nagel reports “very satisfactory†Q3
Kuehne + Nagel has released its financial figures for the first nine months of 2009 saying it had achieved “very satisfactory†results due to the ‘early, consistent implementation’ of its dual strategy of strict cost management and commitment to market-share expansion. Total net revenues fell by 23 per cent to CHF10.94 billion (US$10.66 billion). Gross profit was 7.3 below the figure of the previous year’s period. Operational result (EBITDA) decreased by … [Read more...] about Kuehne + Nagel reports “very satisfactory†Q3
Kuehne + Nagel wins Chilean Nestlé deal
Kuehne + Nagel (K+N) has won the contract to be Nestlé Chile’s logistics service provider under which K+N will manage Nestlé’s four distribution centres located across Chile covering the northern area from Antofagasta, the central area from Quilicura (Santiago) and Maipú, and the southern area from Concepción. K+N will also be responsible for distribution services for the shelfstable range of Nestlé products. … [Read more...] about Kuehne + Nagel wins Chilean Nestlé deal
Kuehne + Nagel opens new office in Chongqing
Kuehne + Nagel has opened a new branch office in Chongqing, China extending its footprint in China to 39 locations. From the new premises, located at the central business district in close proximity to the city’s major infrastructure facilities, Kuehne + Nagel said it will focus on providing international sea and air logistics services. In addition, it will offer specialised solutions to support the automotive and industrial goods and chemicals sectors, two of the city’s … [Read more...] about Kuehne + Nagel opens new office in Chongqing
K+N profits down 16%, but still in the black
Kuehne + Nagel has announced its net profit fell 16.1 per cent in the second quarter compared with a year ago as the global economic slowdown depressed ocean and air freight traffic. The Swiss logistics giant booked net profit of US$120.7 million in the three months to 30 June as revenue slid 21.9 per cent to $3.9 billion. Net profit in the first six months fell 16.2 per cent to $241 million from the same period in 2008 as revenue shrank 20.6 per cent to $7.9 billion. The Zurich-based … [Read more...] about K+N profits down 16%, but still in the black
No upturn before 2010 says Kuehne & Nagel
Swiss logistics group Kuehne & Nagel has seen the pace of decline slow, but does not expect a sustainable recovery before 2010, its chief executive said recently. “The decline in the volumes is not as dramatic as it was a few months ago, but we are not seeing a definite recovery,†Reinhard Lange told Swiss newspaper Handelszeitung, according to Reuters. Air freight volumes were still down around 20 per cent, close to levels in the first quarter, Lange said, adding there had been a … [Read more...] about No upturn before 2010 says Kuehne & Nagel
