Latest news from Heavy Lift & Project Forwarding International Magazine

Heavy Lift Across the World

K+N profit up in 2015

March 3 - Despite recording a 4.4 percent year-on-year drop in turnover for 2015 at CHF16.7 billion (USD16.72 billion), Kuehne + Nagel posted EBITDA of CHF1.04 billion (USD1.041 billion) - a 3.6 percent increase compared with 2014.

"We are proud that in a challenging environment we were able to further increase profitability and once again achieve a new record result," said K+N ceo Detlef Trefzger.

Despite recording a decline in its seafreight volumes for the first half of 2015, K+N witnessed profitable volume growth in the second half of the year, driven by increases in the North American and intra-Asian trade lanes.

In its airfreight business, K+N increased tonnage by 4.7 percent year-on-year to 1.25 million tonnes. Meanwhile, the company said that its overland business segment remained stable despite the challenging market situation in Europe.

Karl Gernandt, chairman of K+N's board of directors, said that its 2015 result confirmed that the company is able to substantially improve even in a volatile environment, claiming that its structures and processes are "flexible enough to respond quickly and effectively to new market situations".

He added that the market environment will remain challenging in 2016 but expects K+N's positive development to continue.


Heavy Lift | News

Zelaya joins UTC thumbnail image

Zelaya joins UTC

June 1 - Global freight forwarder and specialised transportation provider UTC Overseas has appointed Jo Ann Zelaya as director, rail, rigging and heavy haul.
Views: 119
Airpes expands North American team thumbnail image

Airpes expands North American team

June 1 - Airpes – a manufacturer of lifting, weighing and below-the-hook equipment – has expanded its North American network with the appointment of three sales representatives.
Views: 118
Caldwell assists in Philadelphia thumbnail image

Caldwell assists in Philadelphia

June 1 - Caldwell Group has supplied a 23 m-long, 23-tonne capacity lifting beam for use at a highway construction project in Philadelphia, USA.
Views: 144
BigRoll Beaufort moves for Virginia wind farm thumbnail image

BigRoll Beaufort moves for Virginia wind farm

May 29 - Roll Group has transported wind energy components using its vessel BigRoll Beaufort to assist in the construction of a wind farm 27 miles (43 km) off the coast of Virginia, USA.
Views: 935

Heavy Lift Across The World

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