Panjiva's data shows that K+N has underperformed the average slightly in terms of U.S. seaborne imports recently with shipments that rose just 11.3% year over year in October and 1.1% in the third quarter compared to industrywide growth of 16.8% in October and 4.5% in the third quarter. Digital Ecoystem: data and technology as a competitive advantage; 3. Kingdom, United . Damian said: "After nearly a decade, I'm excited to be back in the national office in Dubai, which has been my home for so long. Salvador, New Para obtener ms informacin sobre cmo utilizamos tus datos personales, consulta nuestra Poltica de privacidad y la Poltica de cookies. News. In February, the airport signed a partnership with the global forwarder to operate scheduled cargo flights into Shuttlesworth which it hopes, over time, will transform Birmingham into a gateway for the Southeastern US. Global logistics provider, Kuehne + Nagel, closed the 2022 financial year with an exceptionally strong result. The earnings situation of Road Logistics developed very positively over the course of 2022. Republic, El Explore our offering. Mr. Stefan Mangold (commissioner of oaths of Canton Schwyz), Siebnen, was elected as independent proxy; the mandate of Ernst & Young AG as statutory auditor for the year 2022 was approved by the AGM. However, we expect the positive growth and earnings trend that has continued for many years to continue this year, albeit excluding the exceptional business volumes and results in financial years 2021 and 2022, which were the result of a corona-related special economic situation. Kuehne+Nagel Sustainability Report paves the way for Roadmap 2026 implementation. The Swiss logistics company, which operates in nearly 100 countries, is now using a temporary hangar at BHM, but plans to move into the new facility when it opens in the spring of 2024. Foundation laid for Kuehne + Nagel BeLux' new state-of-the-art airfreight hub at BruCargo, Belgium. Stefan Paul, CEO of Kuehne+Nagel International AG:"The 2022 financial year was exceptional for Kuehne+Nagel in many respects a year of great financial success, but also with challenges for us and our customers. Read more Asia Pacific Contract Logistics Kuehne+Nagel and Elanco partner to expand animal healthcare logistics capabilities in China 10 May 2023 With a dividend proposal of CHF 14.00 per share for the 2022 financial year, we want our shareholders to participate in the company's success. Nosotros, Yahoo, somos parte de la familia de marcas de Yahoo. Republic, Dominican myKN; . Copyright: Kuehne+Nagel. Kuehne Und Nagel Opens Logistic Center At Dallas Airport. 27. News. The board also thanked Trefzger for his leadership over the past years. And Tobago, United And Tobago, United The cargo facility will span 53,000 ft2, including 48,500 ft2 of warehouse space. The goal of Roadmap 2026 is to significantly strengthen Kuehne+Nagel's earnings power. Shares in the company were up 3.7% in early trading on Tuesday, despite a 37% drop in turnover to 6.75 billion euros. News. The industry leader for online information for tax, accounting and finance professionals. States. Kuehne und Nagel International AG. Kuehne und Nagel International AG KNIN: EXPANDS HEALTHCARE FOOTPRINT IN NORTH AMERICA. Drinks, Calculate your carbon Karl Gernandt remains Chairman of this Committee. Puedes cambiar tus opciones en cualquier momento haciendo clic en el enlace Configuracin de privacidad y cookies o Panel de control de privacidad de nuestros sitios y aplicaciones. Details of the Roadmap 2026 can be found on the following website: Further information on the annual results and the 2022 Annual Report are available on the Kuehne+Nagel website at, Warehousing, Storage Automotive and New Mobility . Healthcare News . Source: Refinitiv, an LSEG business - data delayed by at least 15 minutes. 262.4 CHF. "Air was softer, clearly going through a soft patch as supply chain normalization progresses and less air is needed to circumvent ocean disruption," Irving added. Contract Logistics, In the 2022 financial year, net turnover in the Contract Logistics business unit amounted to CHF 4.9 billion and EBIT to CHF 187 million. Grow Your Business. The conversion rate reached 47.5%. 4PL, Wine, Spirits and The Board of Directors proposes a dividend of CHF 14.00 per share to the Annual General Meeting to be held on May 9, 2023. Kuehne+Nagel named as a supplier on the new CCS Courier and Specialist Movements Agreement. Rica, Czech Copyright 2023. 4 Apr 2023 KN news. Cuando utilizas nuestros sitios y aplicaciones, usamos. Zealand, Saudi While maintaining our previous year's position as one of the most visionary leaders, we topped the list of those with the ability to execute.. Read the newest market updates in logistics. As the markets in the UAE and Oman continue to expand, I'm eager to collaborate with our talented team to create an exceptional Kuehne+Nagel Experience for both our employees and customers." footprint, Consensus data and share proporcionarte nuestros sitios y aplicaciones; autenticar usuarios, aplicar medidas de seguridad y evitar el spam y los abusos, y. medir el uso que haces de nuestros sitios y aplicaciones. LATAM Cargo and Kuehne+Nagel partner on SAF, LATAM Cargo, Kuehne+Nagel, Elite Flower invest in SAF, LATAM Cargo, Kuehne+Nagel and Elite Flower invest in sustainable aviation fuel, Kuehne+Nagel announces management changes in South Africa and Middle East, Birmingham airport breaks ground on Kuehne+Nagel cargo facility, Kuehne+Nagel adds real-time container tracking to its online platform, Real-time container tracking via myKN by Kuehne+Nagel, Kuehne+Nagel and Elanco partner to expand animal healthcare logistics capabilities in China, Birmingham-Shuttlesworth airport begins building Kuehne+Nagel cargo facility, LATAM Cargo, Kuehne+Nagel and Elite Flower invest in sustainable aviation fuel (SAF) on Mothers Day, Birmingham-Shuttlesworth Airport Begins Building Kuehne+Nagel Cargo Facility, Kuehne+Nagel launches real-time container tracking. Further information on the annual results and the 2022 Annual Report are available on the Kuehne+Nagel website at newsroom.kuehne-nagel.com. Republic, Dominican The company was founded in 1890 and has grown into one of the world's largest logistics providers, with operations in more than 100 countries and over 1,400 locations worldwide. Kuehne+Nagel News. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Kuehne+Nagel started conducting 2X-weekly Boeing 747-8F flights between Stuttgart Airport in Germany and BHM on April 2, saying it will utilize the airport as a gateway for cargo bound for the southeast U.S. Kuwait Latvia Lebanon Lithuania Luxembourg Macedonia Malaysia Maldives Malta Mauritius Mexico Mozambique Myanmar Namibia Netherlands New Zealand Nicaragua Norway Oman Pakistan Panama Peru Philippines Poland Portugal Qatar Romania Saudi Arabia Serbia Singapore Slovakia . Drinks, Calculate your carbon The airport believes that it is poised for growth with its central location and freedom from the congestion that affects large hub airports. Republic, Dominican Dominik Brgy, Dr. Renato Fassbind, Karl Gernandt, David Kamenetzky, Klaus-Michael Khne, Tobias B. Staehelin, Hauke Stars, Dr. Martin Wittig and Dr. Joerg Wolle were re-elected individually for one-year terms until completion of the next AGM. Regional results. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Latest Trade. Consulting, Supply Chain Management Read full story. For vaccine makers and specific transport requirements. Kuehne und Nagel's KNIN operating profit fell 45% in the first quarter, but exceeded forecasts, as markets and supply chains recovered from pandemic-related disruptions. Today's Range. The networks were well-utilised in all regions. ft, state-of-the-art fulfillment center reflects the company's continued commitment to investing in the healthcare vertical by serving multiple . Kingdom, United In their new role, Damian and Bert . Kuehne + Nagel International is displaying some positive trends. "Sea Logistics was the standout performer," Irving wrote in a note to clients, adding that the group's biggest division beat operating profit estimates by 42%. Representing a wide range of the aerospace industry, the Alliance pledges to set new industry standards for low-carbon aircraft engine supply chains in line with the Science Based Targets Initiative (SBTi). The new 53,000sq ft building includes 48,500sq ft of warehouse space with 17 loading bays and five airside bay doors, two airside and two landside rollup doors and office space. +1.16%. 4PL, Wine, Spirits and Informa Markets, a trading division of Informa PLC. With the appointment of Stefan Paul as CEO, the global strategy and corporate culture will be sustained. It said: Smaller airports that have the infrastructure in place and the warehousing capacity to offer are capitalising on an industry desire to get cargo out to customers faster, cheaper, and on a more predictable schedule., Kuehne+Nagel partners with Birmingham-Shuttlesworth Airport, Air Canada Cargo has selected Strike Aviation to provide General Sales & Service Agent (GSSA) services for its new freighter, Air Charter Service (ACS) has appointed Alfie Arrowsmith as regional vice president of cargo for North America. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Our shared goal is to focus on our Roadmap 2026 and Vision 2030. Group net turnover increased by 20 per cent to 39.5 billion, EBIT by 28 per cent to 3.8 billion and net profit by 30 per cent to 2.8 billion. Salvador, New Container volume was 4.4 million TEU at the end of December 2022. She adds: This partnership with Kuehne+Nagel represents a new era of business development at the airport and a realization of our long-term vision of expanding air cargo activity and making Birmingham and central Alabama more prominent in the southeastern corridor.. By an overwhelming majority of votes, Dr. Joerg Wolle was re-elected as Chairman of the Board of Directors for another one-year term of office. Damian joined Kuehne+Nagel in 2010 as National Contract Logistics Operations Manager in Bucharest, Romania, and moved to Dubai as the National Contract Logistics Manager for the UAE in 2014. Contact our Healthcare logistics experts today to learn more about how Kuehne+Nagel can support your business and patients. Demand for cargo capacity remained high on most trade routes. In 2022 alone, the unit implemented more than 150 new logistics projects often large-scale warehouses with state-of-the-art technology and robotics. 23 / 11 / 2021 By Damian Brett Trefzger (L) and Paul. Ad hoc Group Ad-hoc announcement pursuant to Art 53 SIX Listing Rules Kuehne + Nagel initiates top management changes Board of Directors appoints Stefan Paul as CEO starting August 1, 2022 Schindellegi, CH, 23 November 2021 [This ad-hoc announcement was originally published on November 23, 2021] Download: Curriculum Vitae Stefan Paul Arab Emirates, United Living ESG: concrete solutions for sustainability; 4. Kuehne+Nagel will subcontract warehouse operations management to ground handler Alliance Ground International. KUEHNE UND NAGEL INTERNATIONAL AG SIX:KNIN: Search. They approved the distribution of a gross dividend of CHF 10.00 per registered share and the carry forward of retained earnings less dividend to new account. Kuehne+Nagel and Apex Logistics receive the last Boeing 747-8 freighter 'Empower.' from Atlas Air. News. In view of the companys very successful performance, the focus thereby lies on ensuring continuity. FT CONTRACT LOGISTICS FULFILLMENT CENTER AT DALLAS/FORT WORTH . K+N is already operating the flights using a temporary base at the Kaiser Aircraft Industries hangar at Shuttlesworth but will move into the new air cargo facility following completion of the expected ten-month construction programme in Spring 2024. Kuehne+Nagel is one of the leading providers in air freight at the Vienna International Airport and has held the "Preferred Partner" status at the Vienna Pharma Handling Center (VPHC) since 2019. This deserves the special recognition of the Board of Directors of Kuehne + Nagel International AG, said Wolle. Pharma. Si no quieres que nosotros ni nuestros socios utilicemos cookies y datos personales para estos propsitos adicionales, haz clic en Rechazar todo. Kuehne+Nagel announced two management changes in its Middle East and Africa region. Blume Global, a leading provider of supply chain execution and visibility technology solutions empowered by the largest globally connected multi-modal logistics network, today announced an expansion to its partnership with Kuehne+Nagel, one of the largest logistics service providers in the world. The company achieved a new record in both net turnover and profit. The new Container Dashboard in Kuehne+Nagel's myKN online platform harnesses data of a geo system cloud solution to allow customers to track all their containers in real-time. Las tres compaas invierten en SAF para reducir el equivalente al total de las emisiones generadas en un vuelo carguero en la ruta Bogot- Miami. Copyright 1997 - 2023 NewsNow Publishing Limited. Bert said: Im excited for this new chapter. The freighter routes launch followed the airport and the logistics giant reaching an agreement to build a cargo warehouse at BHM to be run by Kuehne+Nagel. Top website in the world when it comes to all things investing, Rating from 1M+ reviews. Aaron Karp is a Contributing Editor to the Aviation Week Network. From today's perspective, the macroeconomic environment will remain challenging in 2023 due to geopolitical developments and inflation. Good news, investors! Login or create a forever free account to read . Find out about the latest Kuehne+Nagel news. 4PL, Wine, Spirits and 15. Kuehne+Nagel completes Apex acquisition as it looks to expand in Asia, France headquartered transport and logistics services provider Geodis has acquired the Swiss freight forwarder, ITS International Transport & Shipping, German forwarding and logistics company Hellmann Worldwide Logistics has taken over its long-standing Slovakian and Czech air- and seafreight partner,, Scan Global Logistics (SGL) has partnered with retailer Majid Al Futtaim to launch a pilot project using sustainable aviation fuel, Qatar Cargo and Envirotainer partner on pharma, I have been writing about the freight and logistics industry since 2007 when I joined International Freighting Weekly to cover the shipping sector.After a stint in PR, I have gone on to work for Containerisation International and Lloyds List - where I was editor of container shipping - before joining Air Cargo News in 2015.Contact me on. Salvador, New The total maximum amount of remuneration for the members of the Board of Directors was prospectively approved according to the legal requirements, covering the period until the end of the AGM. Kuehne+Nagel Senior Vice President for Air Logistics Greg Martin says the companys vision is to make Birmingham into a long-term gateway to and from the southeastern corridor of the U.S.. This new operation at BHM mirrors what is happening in some other secondary markets across the country, the airport says. Since 2019, he has been holding the position of Regional Contract Logistics Manager, Middle East and Africa. All quotes delayed a minimum of 15 minutes. 4PL, Wine, Spirits and Africa, South Navigation Menu. price, Kuehne+Nagel announces management changes in Middle East and Africa region, Kuehne+Nagel wins 'Sustainable Forwarder of the Year 2023' award, Kuehne+Nagel, LATAM Cargo y Elite Group compran SAF para reducir emisiones en el marco del Da de la Madre, Real-time container tracking via myKN by Kuehne+Nagel, Kuehne+Nagel and Elanco partner to expand animal healthcare logistics capabilities in China, Bosnia Copyright: Kuehne+Nagel Detlef Trefzger is next year set to step down as chief executive of Kuehne+Nagel (K+N) for private reasons. May 2023 Update, Breeze Airways To Open Los Angeles-Pittsburgh Airbus A220 Flights, Sydney Airport CEO To Resign; SYDs China Traffic Rebounds. Air Logistics, Net turnover in the Air Logistics business unit was CHF 11.7 billion and EBIT CHF 1.4 billion in the 2022 financial year. The event also marked the ten year contract extension between Kuehne + Nagel and On AG, a cooperation that started in 2010. And we have the determination to continue building on what we established earlier this year.. This exceeded market consensus by 19%, Bernstein analyst Alex Irving said. It operates in sea logistics, air logistics, road logistics and contract logistics, with a clear focus on integrated logistics solutions. The airport says it is open to growing its cargo business further, noting: Birmingham is viewed as ideal for building additional cargo business due to its central location and the fact that getting cargo out to customers will not be slowed by the congested conditions that exist at large hub airports.. The Contract Logistics premises were heavily utilised worldwide. Contern / LUX - Kuehne + Nagel held the ground-breaking ceremony of a new contract logistics centre in Luxembourg. Stay Informed. Enhancement of existing facilities into two dedicated fulfilment centres with a total space of 15,000 sqm. Kuehne+Nagel partners with Atlas Air and SR Technics Group to form the "Sustainable Engine Alliance". The proven asset light model will be retained. Kuehne + Nagel International's significant three-year median payout ratio of 59% (where it is retaining only 41% of its income) suggests that the company has been able to achieve a high growth in . Lanka, Tanzania, Construction is expected to last about 10 months. The conversion rate, which describes the ratio of EBIT to gross profit of the Group, was 33.9%. South Africa remains one of the gateways for logistics into Africa. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Arab Emirates, United . Kingdom, United With over 79,000 employees at almost 1,300 sites in close to 100 countries, the Kuehne+Nagel Group is one of the world's leading logistics providers. Read full story. Consulting, Supply Chain Management As of December 31, 2022, the business unit managed a total of 10.3 million sqm of warehouse and logistics space. price, Bosnia Kuehne+Nagel today announced two management changes in its Middle East and Africa region: Damian Raczynski has been appointed National Cluster Manager for the United Arab Emirates (UAE) and Oman as of May 2023, while Bert Bloem has been in his new role as National Manager of South Africa effective April 2023. 3. Arab Emirates, United Voting was done through the independent proxy representing 83.29% of the voting shares. Republic, El Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. is pushing ahead with a new four-year plan for the company that includes . Aviation Week & Space Technology - Inside MRO, Military Aviation Logistics and Maintenance Symposium (MALMS), Asia Aerospace Leadership Forum & MRO Asia-Pacific Awards, Engine Leasing, Trading & Finance Americas, CAPA Asia Aviation Summit & Sustainability Awards, A&D Mergers and Acquisitions Conference (ADMA), Aerospace Raw Materials & Manufacturers Supply Chain Conference (RMC), CAPA Asia Aviation Summit & Awards for Excellence, Aviation Week & Space Technology 100-Year, Advertising, Marketing Services & List Rentals, Air Canada Targets Winter Sun Demand With Four New Routes, Tokyo Narita Airport To Increase Ticket Taxes, Citing Rising Costs, Where Does The Airbus A380 Fly? Arabia, South States. The next Annual General Meeting will be held on Tuesday, May 9, 2023. The conversion rate, which describes the ratio of EBIT to gross profit of the Group, was 33.9%. Latest news-- ----About Kuehne+Nagel. The margin per 100 kilograms was at a very high level for the full year 2022. United Republic Of, Trinidad All rights reserved. As of May 22 2023. In a consultative vote, shareholders approved the remuneration report 2021. All proposals of the Board of Directors approved by a large majority. Navigation Menu. KNIN.S. Zealand, Saudi United Republic Of, Trinidad Since 2009, he has been working for Kuehne+Nagel South Africa as the National Air Logistics Manager. Kuehne und Nagel International AG SIX:KNIN: . In his capacity, he played a key role in driving substantial market expansion and leading operational transformation within the company's Air Logistics services. Stay up-to-date on the latest developments with our news feed covering releases, articles, interviews . Stay Connected. Kuehne+Nagel Ltd and Clarion Events Ltd announce Logistics Partnership for Multimodal 2022. May. News Flow. Recently launched MSC Air Cargo has selected the ECS Group to act SmartLynx Airlines is aiming to become the largest operator of A321-200 converted airport signed a partnership with the global forwarder, Birmingham-Shuttlesworth International Airport, Boeing delivers Air Tanzanias first ever freighter, Asia airfreight droops as passengers soar away, Air Atlanta opens new chapter with move to 777s, Sponsored: CPK unveils tender for iconic air traffic control tower design, Sponsored: Lyon Airports cargo ambitions, SmartLynx targets a fleet of 13 A321Fs by year end. With over 78,000 employees at almost 1,300 sites in over 100 countries, the Kuehne+Nagel Group is one of the world's leading logistics providers. and Herzegovina, Costa Latest news on Kuehne + Nagel,a Swiss-based global logistics company that provides transportation and logistics services, including sea freight, air freight, road and rail logistics, and contract logistics. KUEHNE NAGEL Layoffs spread to Dunzo, ShareChat, Rebel Foods, and agritech firms The latest developments are an extension of what has transpired in the so-called new economy over the last six to eight months. Read full story. Kuehne+Nagel, which operates in more than 100 countries, said that compared to its pre-pandemic performance and in the context of a normalised business environment, the quarterly figures represented a "record result". Kuehne+Nagel closed the 2022 financial year with an exceptionally strong result. Arabia, South 01 / 06 / 2023 By Chris Lewis Photo: Shutterstock Birmingham-Shuttlesworth International Airport in Alabama, US, has turned the first sod on its $27m air cargo facility, scheduled to be the home base for Kuehne+Nagel (K+N)'s weekly cargo flights from Stuttgart, Germany. https://aviationweek.com/themes/custom/particle/dist/app-drupal/assets/awn-logo.svg. Rica, Czech and Herzegovina, Costa footprint, Consensus data and share Read full story Services Our Digital Solutions for Logistics Digital logistics solutions allow businesses to be more productive, lower their costs and solve problems more efficiently. K+N will subcontract warehouse management to Alliance Ground International (AGI). States. As BHM points out in a statement, the deal with Kuehne+Nagel is part of a larger trend of freight forwarders increasingly directing international cargo away from congested U.S. hubs to secondary airports. Link copied. At the ceremony, chair of the Birmingham Airport Authority, Darlene Wilson, declared: This has been a long-term goal of the airport and to see it all coming together is a huge win for our community. Relevance is automatically assessed, so occasionally headlines not about Kuehne + Nagel news might appear - if so please contact us regarding any persistent issues. Kuehne+Nagel has sustained and even improved its position, Worldwide, 2023. . The Birmingham Airport Authority last week broke ground on the $27 million facility, which will serve as the Southeast air hub for Kuehne+Nagel (CXE: KNIN ). Layoffs at tech startups are expected to continue until the end of quarter, after which the situation could improve, industry experts said. Shareholders voted with the necessary majority for the renewal of the Board of Directors right to establish authorised capital (revision of Articles of Association) until May 3, 2024. Africa, South 28. Kingdom, United Lanka, Tanzania, 2019 | 15:39 Europe/Berlin. We have the infrastructure in place. SETTING NEW INDUSTRY STANDARDS FOR LOW-CARBON AIRCRAFT ENGINE SUPPLY CHAINS. There will be five airside bay doors for unloading and loading aircraft. Dr. Joerg Wolle, Chairman of the Board of Kuehne+Nagel International AG: "The Kuehne+Nagel Group performed extremely well in the 2022 financial year and took advantage of the opportunities that emerged from the challenging, extremely complex macroeconomic situation. Following the turbulence in commercial aviation in the summer of 2022, supply of capacity remained volatile in the second half of the year. Recently launched MSC Air Cargo has selected the ECS Group to act SmartLynx Airlines is aiming to become the largest operator of A321-200 converted Air Atlanta opens new chapter with move to 777s, Boeing delivers Air Tanzanias first ever freighter, Asia airfreight droops as passengers soar away, Sponsored: CPK unveils tender for iconic air traffic control tower design, Sponsored: Lyon Airports cargo ambitions, SmartLynx targets a fleet of 13 A321Fs by year end. https:// bit.ly/4148w48. April 2023. With their extensive experience and expertise, we're confident that they'll continue to drive extraordinary customer and employee experience," said Lee IOns. Birmingham-Shuttlesworth International Airport in Alabama, US, has turned the first sod on its $27m air cargo facility, scheduled to be the home base for Kuehne+Nagel (K+N)s weekly cargo flights from Stuttgart, Germany. 720 Kuehne+Nagel has appointed Siew Loong Wong as its head for the Asia Pacific region. price, Bosnia Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Customer Information: Suez Canal Gridlock. Becoming a serious cargo airport has been a long-term goal of the airport, and to see it all coming together is a huge win for our community, BHM Chair Darlene Wilson says. 2. In the second half of 2022, complexity in the global ocean freight markets decreased. See here for a complete list of exchanges and delays. With over 80,000 employees at nearly 1,300 locations in almost 100 countries, the Kuehne+Nagel Group is one of the world's leading logistics companies. Read more. Trefzger (L) and Paul. In this way, we are setting ourselves the goal of ensuring the companys success and its further development in the coming years, despite challenging market conditions.". and Herzegovina, Costa Korea, Sri Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Press Info_Kuehne+Nagel announces management changes in Middle East and Africa Region, Kuehne+Nagel announces management changes in Middle East and Africa region, Warehousing, Storage . Arab Emirates, United Kuehne+Nagel Partners With Atlas Air And SR Technics Group. Read full story Kuehne+Nagel Sustainability Report 2022 Details of the Roadmap 2026 can be found on the following website: https://roadmap2026.kuehne-nagel.com. Read the latest news and updates. Today, Kuehne+Nagel, a global logistics company, announced details of a new contract logistics fulfillment center on the grounds of the Dallas/Fort Worth International Airport. Falling global consumer demand, soaring inflation and high inventories have dragged freight rates down from pandemic heights, denting earnings of freight forwarders such as Switzerland's Kuehne+Nagel and Denmark's DSV DSV. and Distribution, Supply Chain Facilitating centralised distribution management for shipments across India Providing daily support to KuehneNagel customers across more than 30 fulfilment sites KuehneNagel, a leading global logistics company, has opened its third Transport Operation Centre TOC for Asia Pacific in India. Group net turnover increased by 20% to CHF 39.4 billion, EBIT by 28% to CHF 3.8 billion and net profit by 30% to CHF 2.8 billion. Hence, we are pleased having been able to appoint this crucial position from inside of our top management.. Group net turnover increased by 20% to CHF 39.4 billion, EBIT by 28% to CHF 3.8 billion and net profit by 30% to CHF 2.8 billion. 3. Trefzger recently oversaw the acquisition of a majority stake in Apex International which should make K+N the worlds largest airfreight forwarder. Airfreight volume was 2.2 million tonnes at the end of December 2022. News and press updates on logistics services topics from Kuehne+Nagel USA KNIN. Reduce your company's carbon footprint with biofuels. Paul started his career at K+N in 1990 before leaving in 1997 when he held management positions at various logistics companies in Germany and the UK, among others. Stories; myKN; . The company held the AGM in accordance with Art. Drinks, Calculate your carbon Group net turnover increased by 20% to CHF 39.4 billion, EBIT by 28% to CHF 3.8 billion and net profit by 30% to CHF 2.8 billion. 1 COVID-19 Ordinance 3 of the Swiss Federal Council without shareholders being present in person. Current topics in logistics. Warehousing, Storage and Distribution, Supply Chain All business units contributed significantly to the company's success. . Kuehne+Nagel closed the 2022 financial year with an exceptionally strong result. At the 2023 Capital Markets Day, the Management Board will present with the Roadmap 2026 the continuous strategic development of Kuehne+Nagel until 2026. As a pivotal hub connecting global markets to the vast opportunities that the African continent has to offer, at Kuehne+Nagel South Africa, we will continue providing sustainable and innovative solutions to our customers.We're thrilled to have Bert and Damian stepping into their new roles in South Africa and the UAE and Oman cluster, respectively. At today's Annual General Meeting (AGM) of Kuehne + Nagel International AG, all proposals were approved by a large majority. States. Apr 5, 2023 04:47 UTC. Kuehne und Nagel's KNIN operating profit fell 45% in the first quarter, but exceeded forecasts, as markets and supply chains recovered from pandemic-related disruptions.. All rights reserved. Over the last five years, returns on capital employed have risen substantially to 45%. Arabia, South Smaller airports that have the infrastructure in place and the warehousing capacity are capitalizing on an industry desire to get cargo out to customers faster, cheaper and on a more predictable schedule.. My valuation model shows that the intrinsic value for the stock is CHF352.27, but it is currently trading at. This corresponds to an increase of 40% compared to the previous year. The partnership between . Later, he also took over the responsibilities for global sales in the management team. ZURICH, Feb 22 (Reuters) - Swiss logistics firm Kuehne & Nagel KNIN.S said on Monday it would buy Asian logistics provider Apex International Corp from South Korea-based private equity company. and Distribution, Supply Chain See here for a complete list of exchanges and delays. Consulting, Supply Chain Management Arabia, South Rica, Czech Republic, El At the Vienna Airport Business Night 2023, Kuehne+Nagel Austria was named 'Cargo Company of the Year'. In case you need further information, please contact our team. Africa, South We have the best partners in the business. The margin per container was at a historically high level in 2022. For the next 3 seasons Kuehne+Nagel will work with SailGP - the international sailing competition with teams competing multiple grands prix around the world, using high . footprint, Consensus data and share Kuehne + Nagel International is the world's largest freight forwarder by revenue. KHNGY - Kuehne + Nagel International AG Other OTC - Other OTC Delayed Price. The plan is designed for the next four years and represents an organic further development of Roadmap 2022, which was successfully completed at the end of December. Rica, Czech Falling global consumer demand, soaring inflation and high inventories have dragged freight rates down from pandemic heights, denting earnings of freight forwarders such as Switzerland's Kuehne+Nagel and Denmark's DSV DSV. Lanka, Tanzania, Alex Kraus/Bloomberg News. Salvador, New Currency in USD 58.10 +1.66 (+2.94%) At close: 03:45PM EDT Stock chart is not supported by your current browser Gain. The Roadmap 2026 contains clearly defined plans, both in terms of the aforementioned focus areas in all four business units and in terms of the targeted results. The Board of Directors has held Stefan Paul in high esteem for many years and considers him to be an outstanding leader for the companys future. The conversion rate, which describes the ratio of EBIT to gross profit of the Group, was 33.9%. Photo from K+N. Republic, El No other finance apps are more loved, Custom scripts and ideas shared by our users, Login or create a forever free account to read this news. The new Kuehne+Nagel #USA contract logistics fulfillment center at DFW - a fully pharma-grade compliant, secure, high-tech site - reinforces our global commitment to the healthcare industry and will bring approximately 200 new jobs to the region. Joerg Wolle, chairman of the board of directors ofK+N said: One of Kuehne+Nagels principles is long-term company development, which includes, above all, succession planning for management positions. Birmingham-Shuttlesworth Airport Begins Building Kuehne+Nagel Cargo Facility. The shareholders approved the status report, the financial statements and the consolidated financial statements as well as the annual financial statements for the 2021 business year after taking note of the audit reports. Kuehne+Nagel: official SailGP logistics of SailGP - the sport's pinnacle league - for the next three seasons through 2024. . Drinks, Calculate your carbon The Roadmap 2026 consists of four mutually supporting, cross-divisional cornerstones: 1. Road Logistics, In the 2022 financial year, net turnover of the Road Logistics business unit amounted to CHF 4.0 billion and EBIT to CHF 146 million. Read full story. And Tobago, United Kuehne + Nagel International is still a bargain right now. With over 78,000 . 1 COVID-19 Ordinance 3 of the Swiss Federal Council without shareholders being present in person. At today's Annual General Meeting (AGM) of Kuehne + Nagel International AG, all proposals were approved by a large majority. Shareholders followed the Board of Directors recommendation to re-elect Karl Gernandt, Klaus-Michael Khne and Hauke Stars to the Compensation Committee for another one-year term until completion of the next AGM. . . The global logistics powerhouse in . Lanka, Tanzania, 27 para. Alabamas Birmingham-Shuttlesworth International Airport (BHM) has broken ground on a new $27 million cargo facility to be used by global logistics company Kuehne+Nagel, which launched transatlantic freighter flights to the airport in April. In 2013, Paul returned toK+N where he assumed responsibility for all road logistics activities and was able to expand the business while increasing profitability. footprint, Consensus data and share Zealand, Saudi Kuehne+Nagel Experience: quality, customer satisfaction and employee motivation; 2. Backed by Kuehne+Nagel's global network, which offers a wide range of alternative shipping options, our expert teams can react and reschedule faster in case of route plan deviations or delays. Latest News In the last 7 days Kuehne+Nagel adds real-time container tracking to its online platform Container Management 06:03 18-May-23 Real-time container tracking via myKN by Kuehne+Nagel Air Cargo Week 14:22 17-May-23 In the last month Palestine Action smash into logistics giant and arms traffickers Freedom News 09:16 13-May-23 27 para. The company held the AGM in accordance with Art. Press Release Kuehne+Nagel Financial Year 2022, Kuehne+Nagel reports very strong 2022 result. Please note that our news and service alerts are published in Finnish only. At Group level, Kuehne+Nagel aims to achieve a conversion rate of 25% to 30% by 2026. Find pictures of the arrival of Kuehne+Nagel's Boeing 747 Inspire in Alabama, USA, View all headlines - Trade and local news, Warehousing, Storage KNIN. CEO Stefan Paul said the macroeconomic situation remained "extremely challenging" but Kuehne+Nagel managed to "hold its own in this environment and expand its market share worldwide". *Proposal to the Annual General Meeting on May 9, 2023. Market updates of air, road and sea logistics. Now is the right time to launch our new strategic Roadmap 2026 and ensure Kuehne+Nagel's sustainable future success with a dedicated focus on quality, customer satisfaction and employee motivation. Exclusive news, data and analytics for financial market professionals, Top Lufthansa shareholder Kuehne does not plan to take blocking minority stake, Welt am Sonntag reports, Kuehne+Nagel profit falls, yet beats forecasts, in 'challenging' markets, Former Amazon exec aims to repeat logistics growth at Flexport, US stocks mostly decline, Treasuries dip as inflation worries linger, Kuehne+Nagel set 2026 goals ahead of expectations, shares jump, European shares slide as recession fears grip global markets, German investor Kuehne does not plan to further boost Lufthansa stake - FAZ, German stabilisation fund cuts Lufthansa stake to below 10%. Korea, Sri And Tobago, United Kuehne+Nagel, which operates in more than 100 countries, reported a 37% drop in quarterly turnover to 6.75 billion euros. Coronavirus Disease 2019 (COVID-19) Update On this page, you will find our latest updates on the COVID-19 developments and their global and regional impacts on sea freight, air freight and road transportation. Update May 12, 2022: changes compared to last update in Sea Logistics: Asia Pacific Bert has more than 28 years of experience within the logistics industry. Detlef Trefzger is next year set to step down as chief executive of Kuehne+Nagel (K+N) for private reasons. Apr 18, 2023 04:47 UTC. Monitor the market and connect your business to the people, programs and proprietary data driving the Commercial Aviation market - only available with AWIN. Its strong market position lies in sea logistics, air logistics, road logistics and contract logistics, with a clear focus on integrated logistics solutions. Sign up for Smart Investing to get the latest news, strategies and . Enhance your digital strategy with Kuehne+Nagel. Korea, Sri Alabama's Birmingham-Shuttlesworth International Airport (BHM) has broken ground on a new $27 million cargo facility to be used by global logistics . In addition, the AGM granted discharge to the Board of Directors and the Management Board for the 2021 business year with a high approval of results. It operates in sea logistics, air logistics, road logistics and contract logistics, with a clear focus on integrated logistics solutions. KHNGF: Get the latest Khne + Nagel International stock price and detailed information including KHNGF news, historical charts and realtime prices. At the occasion of the Capital Markets Day on March 1, 2023, the Kuehne+Nagel Group has presented its new strategic Roadmap 2026. Kuehne+Nagel - market leader in logistics. Kuehne+Nagel closed the 2022 financial year with an exceptionally strong result. News; Brokers; More; Get started. "Sea Logistics, In the financial year 2022, net turnover of the Sea Logistics business unit amounted to CHF 18.8 billion and EBIT to CHF 2.0 billion. In a separate vote, shareholders confirmed the total maximum amount of remuneration for the Management Board for business year 2023 and approved the addendum in connection with the very successful business year 2021. Consulting, Supply Chain Management United Republic Of, Trinidad The conversion rate reached 58.1%. and Herzegovina, Costa This feed updates continuously 24/7 so check back regularly. Located approximately three miles from the terminals, the 400,000 sq. Korea, Sri Zealand, Saudi In their new role, Damian and Bert will report directly to Lee IOns, Regional Manager, Middle East and Africa and oversee the companys operations in their respective countries. mostrar anuncios y contenido personalizados basados en perfiles de inters; medir la efectividad de los anuncios y el contenido personalizados, y. desarrollar y mejorar nuestros productos y servicios. Products; Community; Markets; News; Brokers; More; Get started. Thanks to our dedicated employees, we were able to provide our customers around the world with high-quality logistics services. Kuehne+Nagel appoints Siew Loong Wong as head for the Asia Pacific region Prior to this appointment, Siew Loong was Kuehne+Nagel's regional co-head for Asia Pacific, responsible for Greater China and the acquisition of Apex International Due to the overall economic slowdown, the result in the fourth quarter of 2022 was weaker compared to the rest of the year. 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