Cargo

Kuehne+Nagel's air cargo revenue down 41%

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Kuehne+Nagel's air cargo revenue down 41%

Swiss cargo business Kuehne+Nagel reported a better-than-expected profit in the first quarter of the year (Q1 2023) but saw its air freight business' revenue fall 41% year-on-year. "Net turnover of the air logistics business unit amounted to CHF 1.9bn and EBIT to CHF 154 million," the company said, ...

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