Kuehne & Nagel International AG, the Swiss-based forwarding and logistics company, showed improved first-quarter earnings and revenue, despite the economic slowdown in North America. The company said its gross profit increased 10.2% in the first three months of the year to 373 million Swiss francs (about $220 million). Revenue jumped 12.2% in the period to about $1.2 billion.
Read MorePanalpina Group saw gross revenue rise by more than 26% in 2000 to 6.9 billion Swiss francs (about $4 billion), while its net income increased by the same percentage, to about $55 million. Panalpina chief executive Bruno Sidler said they favored an “organic growth” expansion strategy instead of the acquisition strategy of one of their main competitors, Danzas AG. But Fischer said he “would not exclude the possibility of a carefully selected acquisition or alliance to improve our market position”
Read MoreDanzas, the Swiss logistics subsidiary of Deutsche Post AG, the German post office, last year showed a strong rise in income following acquisitions and substantial organic growth. Net turnover rose by 86.3 per cent to 8.289bn euros. Ebita rose from a loss of 27m euros to a profit of 113m euros. Figures for 1999 have been adapted to conform to IAS.
Read MoreDanzas Group, the logistics arm of Germany’s Deutsche Post AG, boosted its net revenue by 86% last year through acquisitions and expansion, but expects only modest growth this year, partly because of the cooling U.S. transportation market.
Read MoreMay 2001 – UPS acquired Polysis electronic systems AG a Swiss Logistics concern
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