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
Kuehne Nagel
DHL Supply Chain tops rankings again
DHL Supply Chain, recently rebranded from DHL Exel Supply Chain, has once again taken top position as the largest player in the market, according to Transport Intelligence’s (TI) recently released annual rankings of the largest contract logistics operators on a globaland regional basis. In 2008 DHL Supply Chain generated revenues in excess of €12 billion, some considerable distance ahead of its nearest rival, CEVA, according to the ranking. In third position is Swiss-based … [Read more...] about DHL Supply Chain tops rankings again
K+N to handle Audi VW logistics in Korea
Audi Volkswagen and Swiss global forwarder Kuehne + Nagel (K+N) have announced a three-year strategic partnership for the car manufacturers’ warehouse management and parts distribution in South Korea. Kuehne + Nagel will handle Audi Volkswagen spare parts for the after market in Korea, including receiving, picking & packing, handling of dangerous goods, shipping and national distribution to Audi Volkswagen dealers throughout the country. K+N is currently building a new … [Read more...] about K+N to handle Audi VW logistics in Korea
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
Kuehne + Nagel International
Reinhard Lange, who was appointed successor to current Kuehne + Nagel International AG CEO Klaus Herms in September 2007, will take up his new position on 1 January 2009, the Swiss global forwarding and logistics group announced recently. “The board of directors, in agreement with the management board, has taken the decision to assign Reinhard Lange full responsibility for the implementation of the group’s strategy as of the beginning of 2009,” stated Klaus-Michael Kuehne, … [Read more...] about Kuehne + Nagel International
