Cargo

Kuehne + Nagel airfreight tonnage up 29%

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Kuehne + Nagel airfreight tonnage up 29%

International cargo carrier Kuehne + Nagel says its airfreight tonnage increased by 29% in the first nine months of 2010, although growth slowed mid year.

Kuehne + Nagel benefited from increased volumes and market share to and from Aisa. The company has posted an improved EBITDA-to-gross profit margin by 30.5%.