Kuehne Nagel

Less than two months after announcing plans to divest potentially all of its operating segments, except for its less-than-truckload (LTL) offering, XPO Logistics, Inc. (NYSE: XPO) announced that an acquisition is in the works. In a March 9 press release, the company announced that it has entered...

Freight forwarding major Kuehne + Nagel (K+N) has announced that it will acquire the overland and logistics activities of Dutch-based Rotra, a company with roughly 800 employees and annual revenue of over €100 million. K+N expects to leverage Rotra's network to expand its footprint across road...

Kuehne + Nagel's ocean freight and land transport units both made third-quarter gains, helping to offset volatile air freight markets that hit earnings. The Swiss forwarder's third-quarter earnings before interest and tax (EBIT) rose 16% year-on-year to CHF283 million ($287.2 million), while net...