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  • Photo: Kuehne + Nagel

26.10.2023

Artikel Nummer: 47071

More returns on sea than air freight


Kuehne + Nagel recorded good results for the period January to September 2023, with ebit almost doubling compared to pre-pandemic levels. Net sales for the first nine months of 2023 amounted to CHF 18.2 billion. Ocean freight in particular performed well, with a net revenue of CHF 6.8 billion.

 

Market share was gained mainly on the Asia-Europe route and in transpacific traffic. This is complemented by the new partnership with Neom, for which Kuehne + Nagel is transporting 1.4 million freight tonnes of equipment for the construction of wind turbines.

 

Air freight also posted good results, but at CHF 5 billion net revenue remained below ocean freight. Future projects, at Paris airport, for example, are  expected to promote the growth in the air freight segment. (mk)

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