kuehnenagel

Kuehne+Nagel comes through the crisis

Kuehne+Nagel Group said it achieved a good financial result in the second quarter and first half of 2020 in the face of the corona crisis. Market share gains and the cost savings had a positive impact, with net turnover for the first half-year CHF 9.8 billion – down just 7.5% on 2019 - and earnings before interest and tax (EBIT) CHF 419 million – down 18%. Chief executive, Dr Detlef Trefzger, ... [+]

Kuehne+Nagel extends Heathrow lease

Aberdeen Standard Investments’ AIPUT fund (Airport Industrial Property Unit Trust) has secured a lease extension to 2030 with forwarder Kuehne+Nagel for its Heathrow South Cargo Centre. GlaxoSmithKline is the leading customer of the facility, and represents a significant share of the UK’s pharmaceutical imports and exports. Kuehne+Nagel also operates AIPUT’s Perishables Handling ... [+]