Kuehne+Nagel posts flat profit

Zurich, Switzerland:  Logistics firm Kuehne+Nagel International today reported flat profit for 2011, despite strong volume growth in all business units.

Kuehne+Nagel posted earnings at 601m Swiss francs ($658 million), versus 601m for 2010. Its revenue fell 3.3% to CHF19.59bn, versus 20.26bn in 2010.

Transport and logistics volumes developed positively in the first half, but growth steadily slowed during the second half, the company noted.

Earnings before tax were almost the same as last year at 766m francs. Invoiced turnover slipped 3.3% but on a currency adjusted basis, turnover increased 9.3%.

In the sea freight business, volume increased 11% and the company grew twice as fast as the international container market.

The company announced a dividend of 3.85 francs per share, up from last year’s 2.75 francs per share.

Kuehne+Nagel expects economic uncertainties to persist in 2012, particularly in the first half of the year when economy and trade are expected to perform less dynamically.

Reinhard Lange, chief executive said, “We are well positioned around the globe and therefore confident to reach our targets in the current business year again: Profitable growth above-market average in all business units.  We are facing up to the uncertain economic development by consistent cost management, process optimisation and increased productivity.”


Carrier Transicold to be sole supplier of refrigerated equipment for Volta Zero

Stockholm, Sweden: Electric commercial vehicle manufacturer Volta Trucks has confirmed that Carrier Transicold will be the sole supplier of refrigerated equipment for the full-electric 16-tonne …


Simon Loos takes E-Ategos with Frigoblocks

Geldermalsen, Netherlands: Simon Loos has expanded its electric vehicle fleet with seven Mercedes-Benz E-Actros trucks using Frigoblock refrigeration. The 27-tonne rigids will be used for …


Carrier webinar on electrification in the cold chain

Palm Beach Gardens, Florida, USA: Carrier is hosting a free webinar on electric transport refrigeration technologies that advance a sustainable cold chain. The one-hour webinar …


Carrier’s Lynx takes Edison Award for innovation

Palm Beach, California, USA: Carrier’s Lynx digital platform, a finalist in the Edison Awards, has won a silver ranking for excellence in the supply chain …


© 2022 Global Cold Chain News | Terms and Conditions | Privacy Policy
Commercial Transport Publishing Limited, registered in England and Wales, Company No: 6453302. Registered Office: 7 Diddenham Court, Lambwood Hill, Grazeley, Reading RG7 1JQ