Kuehne + Nagel has reported a surge in tonnage in its airfreight division, by 20.4 percent, in 2017. The company’s industry-specific airfreight solutions, for example, the pharma and healthcare or the aerospace sectors have, generated significant growth.
The company has also claimed to have strengthened its leading global market position in perishables logistics with the acquisition and integration of two national market leaders in Kenya and the USA. Strong volume growth in combination with strict cost control and higher productivity resulted in an increase in EBIT by 5.0 percent. With 30.2 percent, the conversion rate remained at the previous year’s high level.
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