Business, Freight News, Logistics

KN volume up, profit down in tough market

[ July 16, 2012   //   ]

Kuehne + Nagel Group said on 16 July that ut had increased its turnover by 2.8% to 10bn Swiss francs in the first half of 2012, despite the difficult economic conditions. While gross profit was up 2.6%,operational profit was down 9.6% to CHF454 million.

The company said that there had been “muted consumption” in all parts of the world and increase volatility. Demand from Asia to Europe and North America had softened particularly, it added.