Kuehne and Nagel’s air freight perishables business takes flight

Schindellegi, Switzerland: Swiss logistics giant Kuehne and Nagel saw group operating profit increase by 9.2% to US$277 million (CHF 249m) in the first quarter of 2011 compared with last year. The group’s airfreight business benefited from Kuehne and Nagel’s expansion of the specialised network for perishables.

Following the recent acquisitions of three companies in South America, volumes significantly increased in this sector. Chief executive Reinhard Lange said: “It is difficult to forecast the world economic development in the months to come. We are confident that our resilient integrated business model will support the continuation of our strong performance,” said Reinhard Lange, chief executive of Kuehne and Nagel International.

“As planned we expanded our activities in all business units while at the same time increasing productivity.” He added: “The good results in the first quarter underline the value of our global logistics capabilities, flexibility and operational efficiency in a market influenced by different economic conditions, political unrest and natural disasters.”

In January, Kuehne and Nagel acquired three South American companies, expanding its perishables transportation and logistics network. The company acquired Translago and Agencia de Aduanas Excelsia of Colombia and Mastertransport of Ecuador. The South American companies specialise in transporting flowers and other perishable goods to the US, Europe and Asia, Kuehne and Nagel said.

WORLD NEWS

Pelican BioThermal expands in Finland and Turkey

Minneapolis, Minnesota, USA: Pelican BioThermal is collaborating with Sharkmed Oy in Finland and Corena Pharmaceutical Wholesaler in Turkey. “We are delighted to work with our …

READ THE FULL STORY >

Kuehne+Nagel partners with Chinese pharma distributor

Shanghai, China: Kuehne+Nagel is partnering with Jointown, China’s largest non-state-owned pharmaceutical distribution company, to enhance its pharma and healthcare logistics in China. The partnership with Jointown …

READ THE FULL STORY >

IRU implores Angela Merkel: show leadership on European border chaos

Geneva, Switzerland: The IRU has written to German Chancellor, Angela Merkel, today on the chaos spreading across Europe’s goods transport network due to her government’s …

READ THE FULL STORY >

Irish meat supplier adds Sprinters to fleet

Oranmore, Galway, Ireland: Galway-based meat supplier Divilly’s has added three new Mercedes-Benz Sprinter vans to its fleet, the Irish Trucker reports. Mercedes-Benz dealer, Kinahan Commercials …

READ THE FULL STORY >

WHAT’S ON

Latest Tweets

Obituary: Jim Gray Snr, Gray & Adams: bit.ly/3bxq7Jk pic.twitter.com/zgGXhVlfeo

© 2021 Global Cold Chain News | Terms of use | Privacy Policy
Commercial Transport Publishing Limited, registered in England and Wales, Company No: 6453302. Registered Office: 6 Corunna Court, Corunna Road, Warwick CV34 5HQ