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Freight forwarder K+N reported Q2’21 revenues which expanded by 47.9% year over year and by 35.0% compared to Q2’19. While seafreight revenues surged, much of the expansion was due to rising shipping rates, with volumes handled globally down by 8.3% in Q2’21 versus Q2̵... Read more →
The majority shareholder of K+N, Klaus-Michael Kuehne, has stated that volumes handled by the freight forwarder in Q2’21 are “still at a high level” but that there will be “a normalization in the second half of the year”. The scale of the surge in activity expe... Read more →
K+N reported a 22.8% year over year expansion in Q1’21 revenues, the fastest rate of growth the freight forwarder has delivered since at least 2014. Much of the expansion has been driven by an increase in achieved shipping rates rather than higher volumes, though airfreight handling i... Read more →
Trade policy events in April will include Biden administration meetings with the semiconductor industry and a heads of state meeting between the U.S. and Japan. The former will focus on strained supply chains and the latter may provide clarity on relations vis-a-vis China. The administratio... Read more →
Freight forwarder K+N reported revenue growth of 5.5% year over year in Q4’20, a significantly slower rate of development than its peers including C.H. Robinson and DP-DHL. The firm’s CEO, Detlef Trefzger, has stated that reflects a “selective growth approach and most like... Read more →
The closer integration of freight forwarding and container shipping has driven corporate restructurings at Maersk and CMA CGM. Stand-alone freight forwarder K+N’s controlling shareholder, Klaus-Michael Kuehne has been somewhat critical of the moves and has noted “who will preva... Read more →
K+N has reported Q3 revenues which fell by 3.9% year over year including a 12.8% drop in air freight due to “a slower than initially expected recovery of the aviation sector”. Similarly, ocean freight handling fell by 5.1% despite the freight forwarder experiencing improved ship... Read more →
Kuehne and Nagel reported Q2 revenues which fell by 8.7% year over year with EBIT down by 18.0%. That was considerably worse than DP-DHL’s 25% EBIT expansion and may reflect a mixture of weaker volumes as well as technical factors such as currency rates. K+N’s revenues from ocea... Read more →
Freight forwarder Kuehne+Nagel reported Q4 revenues that fell by 3.7% year over year, driven by a slump in airfreight and slowing growth in seafreight. That’s a common picture seen across the sector. As with other forwarders, K+N also faces a tough start to 2020 as a result of disrupt... Read more →
Freight forwarder K+N’s Chairman, Joerg Wolle, has stated that the firm is looking for “a new dimension of organic and inorganic growth of our networks” focused on Asia. That follows a 5.9% year over year slide in U.S. seaborne shipments handled by the firm in 4Q. Growth o... Read more →
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