Kuehne+Nagel

1y

Kuehne+Nagel: Continued expansion in the Caribbean Kuehne+Nagel has appointed three new representative agents in Trinidad and Tobago, Barbados and Guyana, aiming to expand and strengthen its presence in the Caribbean region, where it has had operations since 1994 with their head offices in Panama. Jan Trittin, Managing Director of Kuehne+Nagel's Central America and Caribbean cluster, commented: “Logistics services play a crucial role in the Caribbean region, which relies heavily on imports for goods and raw materials, making reliable and cost-effective transportation vital for sustaining economic activities. Working with agents enables us to provide first-class logistic services and increases our network for our customers”.

Kuehne+Nagel

1y

Kuehne+Nagel, a global logistics company, announced it is establishing a new logistics platform for the fast-growing French fashion brand, Sézane. This new and flexible operation in Piscataway, New Jersey, will enable Sézane, a long-standing customer of Kuehne+Nagel in France, to offer its end customers an even better service. Sézane was founded in Paris in 2013 and is now one of the fastest-growing French fashion brands, mainly using e-commerce channels. With Kuehne+Nagel’s support in the U.S., the brand can now handle much faster returns and inventories while continuing to expand its market share in the country through e-commerce and its own stores. “We are incredibly proud to support Sézane with this innovative solution that streamlines their operations, ensuring efficient handling of returns and inventory management,” said Eduardo Razuck, SVP Americas for Kuehne+Nagel Contract Logistics. “Our partnership and the establishment of this new distribution centre in Piscataway represents a significant milestone for Kuehne+Nagel’s Contract Logistics business in the U.S. It underscores our global commitment to the e-commerce business as part of the company’s Roadmap 2026. It also represents the latest advancement in expanding our network to support luxury and fashion e-commerce customers, as well as continually assisting our customers with global expansion.”

Kuehne+Nagel

2y

Kuehne+Nagel announced details of a new contract logistics fulfillment center in Piscataway, New Jersey. The new facility is located approximately two miles from Kuehne+Nagel’s existing facility for a luxury retail brand. The 100,000 sq. ft fulfillment center serves as a fashion hub reflecting the company’s continued commitment to serving customers in the fashion and luxury markets. The site is being opened to support a new fashion customer and has approximately 55,000 sq. ft of additional available space. It is ideally situated close to John F. Kennedy International airport and Port Elizabeth, as well one of the top consumer markets for fashion in the United States. The facility uses automation and robotics for picking and putaway enhancing efficiency in the fulfillment process. Additionally, it features EV (electric vehicle) charging stations and LED lighting.

Kuehne+Nagel

2y

Kuehne+Nagel opens temperature-controlled space for healthcare customers in Chicago At what is now one of Kuehne+Nagel’s largest healthcare facilities globally, the expansion features 21,000 sq ft of temperature-controlled space with separate areas to support a range of climate requirements – from +2°C to +25°C – specifically designed for healthcare operations. “This investment allows our customers and future customers to further improve the quality of their temperature-controlled supply chain with end-to-end temperature handling in our facility,” said Greg Martin, Senior Vice President, Air Logistics at Kuehne+Nagel. “As we continue to expand our healthcare footprint across North America, we are committed to investing in next-level facilities for our healthcare customers who need a company to rely on for quality assurance in the storage process.” The opening follows the company’s move from Elk Grove Village, IL to Bensenville, IL earlier this year, which doubled available warehouse space and allowed import and export to take place in one facility, increasing efficiency for operations spanning sea, air, road, and customs. Healthcare is one of six primary growth areas in Kuehne+Nagel’s Roadmap 2026, a four-year strategic plan towards the company’s vision for 2030: becoming the most trusted supply chain partner supporting a sustainable future.

Kuehne+Nagel

2y

Kuehne+Nagel expands healthcare footprint in North America 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. Located approximately three miles from the terminals, the 400,000 sq. ft, state-of-the-art fulfillment center reflects the company’s continued commitment to investing in the healthcare vertical by serving multiple customers. “This move represents an important milestone for Kuehne+Nagel’s Contract Logistics business in North America and reinforces the company’s global commitment to the healthcare business as part of the company’s Roadmap 2026,” said Eduardo Razuck, Senior Vice President, Contract Logistics Americas for Kuehne+Nagel.

Kuehne+Nagel

2y

Kuehne+Nagel delivers a good performance in third quarter 2023 The Kuehne+Nagel Group achieved good results in the months January to September 2023 in a market environment that remained challenging. The pandemic-related special economic situation of 2021 and 2022 continued to distort the year-on-year comparison of all key figures. EBIT for the first nine months of 2023 almost doubled compared to pre-pandemic levels (EBIT Q1-Q3 2019: CHF 794 million). Net turnover in the first nine months of 2023 was CHF 18.2 billion at Group level, EBIT was CHF 1.6 billion with earnings of CHF 1.2 billion. The conversion rate, which describes the ratio of EBIT to gross profit of the Group, remained at a high level of 24%. Stefan Paul, CEO of Kuehne+Nagel International AG: "The Kuehne+Nagel Group performed well in the third quarter of 2023, even though the hoped-for economic recovery failed to materialise. We gained market share and secured our yields. We achieved important successes in the implementation of the strategic Roadmap 2026, particularly in the area of renewable energy and in the growth markets of Asia. In the final quarter of 2023, we will continue to focus on cost control, which is firmly embedded in our corporate culture."