Box boom for Kuehne + Nagel

VTG AG, one of Europe’s leading rail wagon lessors and logistics service providers, has reported increased revenues and earnings in 2013.

The world’s biggest NVOCC is to acquire Grupo Eichenberg, based in Porto Alegre, Brazil and a specialist airfreight perishables company based in Amsterdam

Despite the global economic crisis, the Kuehne + Nagel Group, the world’s leading NVOCC, delivered “solid results in 2009 and gained market share in all business units”

In its 3Q/09 interim report, the world’s biggest NVOCC notes that seafreight volumes have begun to recover

Kühne & Nagel (K&N), the world’s biggest NVOCC, is opening a new intermodal terminal at Hams Hall to facilitate its target of 50% inland moves by rail over Britain’s main ports (Southampton and Felixstowe) within two years. Peter Ulber, CEO, North West Europe, said that K&N currently achieves 25% by rail in Great Britain and that already compares favourably with the general market average of 10% (all British ports).

Deutsche Bahn’s proposed takeover of HHLA last year is a “dead horse,” but the City of Hamburg’s wish to dispose of 49% of its shares remains. It seems that the city is tendering for a specialist mergers and takeovers broker, to be appointed by September this year.