Latest news from Heavy Lift & Project Forwarding International Magazine

Kuehne + Nagel sees earnings grow

October 19 - Kuehne + Nagel reports that its earnings grew in first nine months of 2011 by 1.1 percent despite the softening freight market.

The company saw improved ocean container and air cargo shipments which took earnings to USD508.5 million for the period, contrasting with a 3.8 percent reduction in revenue to USD16.35 billion.

Kuehne + Nagel said operating profit fell 2.4 percent to USD815 million but was 11.5 percent higher than a year ago after adjusting for the strength of the Swiss franc.

"Considering the softening market growth, we are satisfied with our results in the first nine months of 2011. Volatility is high and the fourth quarter is expected to remain challenging," said Reinhard Lange, CEO of Kuehne + Nagel International AG.

With ocean container traffic increasing by 14.5 percent for the period, K + N said that growth was particularly strong outbound from Asia to the Middle East and South America.

In the first nine months, the company said airfreight tonnage increased 14.5 percent with this unit performing well in Europe, South America and North America, while demand in Asia fell.

Heavy Lift | News

ESTA joins EC best practice project thumbnail image

ESTA joins EC best practice project

July 16 - The European association of abnormal road transport and mobile cranes (ESTA) has been asked to support a European Commission study to “explore health, safety and environment (HSE) best practice in the wind power sector”.
Views: 399
LDA installs kite system  thumbnail image

LDA installs kite system 

July 16 - Louis Dreyfus Armateurs (LDA) has fitted its ro-ro vessel Ville de Bordeaux with an AirSeas kite system, as it looks to develop the use of wind propulsion technologies.
Views: 373
Sarens partners with Moir Crane thumbnail image

Sarens partners with Moir Crane

July 16 - Sarens has teamed up with Canada’s Moir Crane as the two companies look to capitalise on the region’s upcoming construction projects.
Views: 432
Karl Gross teams up with Natco thumbnail image

Karl Gross teams up with Natco

July 15 - Bremen-headquartered Karl Gross Group and Natco SA have formed an exclusive partnership in South Africa.
Views: 611

Heavy Lift Across The World

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