Pharma helps K+N airfreight outpace the market

Kuehne+Nagel beat 2014 airfreight market growth with a 5.3 per cent increase in volumes to 1.2m tonnes for the full year. The Switzerland-based logistics giant’s air cargo increase is more than twice last year’s global market benchmark average of between three and four per cent. K+N, the world’s second largest airfreight forwarder by tonnages, said that the key...

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TNT tweaks its figures

Express carrier TNT said its fourth quarter results, due to be published in full on February 17, would include non-recurring tax expense items totalling €77m, which include a €67m non-cash valuation allowance on deferred tax assets. The Netherlands-headquartered company added that changes to its accounting treatment in Brazil would also result...

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