K+N claims market share gains as ‘strong’ air cargo peak gathers pace

Kuehne + Nagel attributed most of its third-quarter airfreight growth to market share gains, and expects to keep winning business into 2027 as a strong peak season gets under way.

Airfreight volumes rose 10% year on year, with chief executive Stefan Paul estimating underlying market growth at 3-4% and attributing 60-70% of K+N’s growth to market share gains.

“[It’s] pretty much coming from hard cargo. Hard cargo had a double-digit increase in terms of volume this quarter, and ecommerce went down significantly,” he told analysts yesterday.

Asked whether further market share gains would follow next year, he replied: “Similar to this year, it should continue.”

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