Kuehne + Nagel has appointed Dr. Detlef Trefzger as its CEO, following the departure of former group CEO Reinhard Lange earlier this year. The former executive vice president of K+N’s contract & integrated logistics division will take up his new position with immediate effect, but will still be responsible for the former division until further notice. Karl Gernandt, chairman and interim CEO of Kuehne + Nagel said: “We are convinced that Detlef Trefzger will maintain the continuity of leadership and […]
Kuehne + Nagel says it is back on track after a weak start to the first six months of trading this financial year. Citing muted consumption and increased market volatility throughout the world, the Swiss logistics giant saw turnover increase just 2.8% to CHF10bn (£6.5bn) for the six months ending 30 June (2011: CHF9.78bn). Globally, EBITDA was down from CHF502m in the same period a year ago, to CHF389m. Its road and rail division reports that its groupage, full and […]
Kuehne + Nagel (K+N) has had its contract with aircraft manufacturer Airbus extended until 2016.