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K+N attributes airfreight growth to market-share gains as peak strengthens
Kuehne+Nagel said market-share gains drove most of its third-quarter airfreight growth and expects to keep winning business through 2027 as a strong peak season gets under way.
Airfreight volumes at Kuehne+Nagel rose 10% year on year. CEO Stefan Paul estimated underlying market growth at 3-4% and attributed 60-70% of the company's growth to market-share gains.
Paul said much of the increase came from hard cargo, which posted a double-digit rise. K+N expects to continue winning business into 2027 as the strong peak season gathers pace.
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