Latest news from Heavy Lift & Project Forwarding International Magazine

Kuehne + Nagel doesn't expect market recovery just yet

July 20 - Kuehne + Nagel says that its half-year results confirm the Group's dual strategy of counteracting the economic crisis through strict cost management and a commitment to market share expansion.

The company's gross profit was only 6.7 per cent below (currency-adjusted: 2.5 per cent above) the figure for the previous year's period. The operational result (EBITDA) decreased by 12.1 per cent (currency-adjusted: by 6.2 per cent) and net earnings by 16.2 per cent (currency-adjusted: by 11.8 per cent) to CHF 258 million.

In a statement on the company's website, Reinhard Lange, chief executive, said he forecasts the drop in the market volume for airfreight to be somewhere in the middle of the 15% drop forecast by competitors, while he expects seafreight volume to slip 10% in 2009.

For the second-quarter ended June 30, the company said its oceanfreight volumes increased 10equentially, as did air cargo volume, because the company increased market share.

According to the website statement, the company continues to mull acquisitions, which might include acquisitions to support niche activities, similar to the company's purchase earlier this year of Norway-based J. Martens, which provides services to the oil and gas industries.

The statements reveal little specific information about Kuehne + Nagel's activities in regards to project forwarding logistics. 

Heavy Lift | News

TRACE launches e-Gov portal thumbnail image

TRACE launches e-Gov portal

February 15 - Anti-bribery trade association TRACE International has launched its e-Gov Portal.
Views: 252
DSV ups Panalpina bid as Agility enters the fray thumbnail image

DSV ups Panalpina bid as Agility enters the fray

February 15 - Panalpina’s board of directors confirmed that it has received a revised, non-binding proposal from DSV to acquire the company at a price of CHF180 (USD178.9) per share, all in cash.
Views: 415
Bolloré and Cosco strengthen ties thumbnail image

Bolloré and Cosco strengthen ties

February 15 - Bolloré Transport & Logistics and Cosco Shipping Lines have signed a memorandum of understanding (MoU) to strengthen their commercial relationships, while exploring new opportunities for cooperation in transport, logistics and port infrastructure.
Views: 407

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.