12th January 2021
Olivier Aeschlimann, Senior Financial Analyst
The company announced the completion of the restructuring of its Contract Logistics portfolio with the sale of a large part of its activities in the United Kingdom to the American company XPO. Over the past two years, Kühne+Nagel has streamlined its activities to place the company on track towards sustainable growth. This involved not only business divestitures, but also investments in three key areas: fast growing segments, digitization and sustainability (ESG). Kühne+Nagel thus acquired Quick International Courier in the USA, a company specializing in urgent transport, especially in the medical field. The company also launched its AirLOG platform, an innovative operational system for air cargo. Finally, Kühne+Nagel has set itself the goal of achieving carbon neutrality by 2030.