Latvia Freight Forwarding Services
Air, Sea & Road Freight Between Latvia and the UK

Kuehne+Nagel sees air revenues and profits soar in Q3

Kuehne+Nagel (K+N) saw revenues and profits generated by its air cargo division increase rapidly in the third quarter of the year thanks to growing demand from cloud infrastructure and semiconductor customers. The freight forwarder saw air revenues for the quarter increase by 38% year on year to Sfr2.4bn, while air earnings before interest and tax (ebit) were up 84% to Sfr169m and gross profit improved by 29% to Sfr404m. Air volumes, meanwhile, increased by 10% year on year to 619,000 tons, which the company said "significantly" exceeded overall market growth. This was also an acceleration on the 2% increase recorded in the second quarter. The result means K+N's air volumes outstripped those of rival DSV, which handled 560,890 tonnes in the third quarter as its volumes fell by 3% year on year. "Demand for logistics solutions supporting cloud infrastructure and semiconductor customers was a key growth driver," K+N said. General "hard cargo" was another driver of volume growth, the company said, while regionally, performance had been strong from Southeast Asia and China. YTD performance Over the first nine months of the year, air revenues were up 16% year on year to Sfr6.2bn, gross profits improved by 11% to Sfr1.4bn and ebit increased by 35% to Sfr434m. The overall company saw third-quarter revenues increase by 22% year on year to Sfr7.4bn, while ebit was up 53% to Sfr435m and earnings improved by 53% to Sfr316m Stefan Paul, chief executive of Kuehne+Nagel International, said: "Kuehne+Nagel delivered strong third-quarter 2026 results, reflecting the resilience of our operations and validating our strategy of profitable growth. "All business units contributed to this achievement. The announced long-term partnership with Amazon and AWS enables us to capitalise even faster and more effectively on future growth opportunities."

2026 Air Cargo News Award winners revealed!

The 2026 Air Cargo News Awards - the 42nd edition - celebrated innovation and excellence in the air cargo industry, with winners across 10 categories. More than 200 people attended this year's awards at the 5-star Royal Lancaster London hotel where comedian Seann Walsh announced the winners following a drinks reception and three-course meal. The first award of the afternoon was the Air Cargo Pharma award, which was sponsored by Hactl and scooped by SATS. LATAM Cargo and Qatar Airways Cargo were highly commended. Next up was the Air Cargo Charter Project of the Year, which was sponsored by Network Airline Services. The winner was JCS Livestock. IAG Cargo's Jazzmin Gallimore-Cox picked up the Awery Aviation Software-sponsored Young Airfreight Professional of the Year. This award was introduced in recent years, in recognition of the dynamic young individuals helping to shape the future of airfreight. Coaching partners, neAira Executive Performance & SHK Solutions, will donate four months of executive performance coaching to Jazzmin. She will also receive a prize of £500. Ground Handler of the Year was awarded to Hong Kong Air Cargo Terminals Limited (Hactl). Additionally, dnata picked up a highly commended certificate. Following was the Innovation Award - Digital, sponsored by WEXCO Cargo GSSA. This year the award was won by SAL Logistics Services. Additionally, Cathay Cargo was highly commended. Cincinnati/Northern Kentucky International Airport sponsored the Innovation Award - Product category, which Qatar Airways Cargo won. Hactl also received a highly commended certificate. Taking home the trophy for the GSSA of the Year, sponsored by Etihad Cargo, was FlyUs Aviation Group. Then the Ethiopian Cargo and Logistics Services-sponsored Cargo Hub of the Year accolade went to Hong Kong International Airport. The dnata-sponsored Air Cargo Environment category was cinched by Eltete TPM. Hactl was highly commended. The final award of the afternoon was the highly sought-after Cargo Airline of the Year. Amongst tough competition, LATAM Cargo emerged to be the winner of the award, sponsored by FlyUs Aviation Group. Cathay Cargo achieved a highly commended certificate in the category. Congratulations to all the winners at the 2026 Air Cargo News Awards! Well done to all the shortlisted and highly commended companies and a massive thanks to all our sponsors. We appreciate the time and effort from everyone involved that has helped make the awards an exciting and enjoyable celebration of the air cargo industry. A full gallery of pictures from the evening can be found at aircargonewsawards.net over the coming days.

E-commerce shipments drive further growth at East Midlands Airport

The UK's East Midlands Airport handled 6.3% more cargo last month than it did in the same month last year. And, over the year to date January to September period, at 210,807 tonnes cargo volumes were up by 10,000 tonnes or 5% year on year. East Midlands Airport positions itself as the UK's foremost express air cargo hub and the gateway's busiest period of the year is yet to come - the run-up to Black Friday and Christmas as goods are ordered from all over the globe to create significant spikes in ecommerce traffic. This year's strong cargo volumes build on last year's performance, when the airport handled over 400,000 tonnes for the first time since the pandemic. East Midlands Airport's commercial director, Adam Andrews, remarked: "Achieving year-on-year growth on top of a record-breaking year for our cargo operation demonstrates how well placed we are to serve the UK's air cargo needs. "The way our twin operations for passengers and freight operate in parallel, not in conflict with each other, puts us in a unique position to continue to grow our cargo capabilities. "It's great to see these figures growing ahead of what is traditionally our busiest period." The airport's e-commerce operations are built primarily around logistics giants DHL, UPS and FedEx, whose freighters connect to a network of 185 major cities around the world. "This offers unrivalled next-day delivery when coupled with the airport's strategic central location in the UK," East Midlands noted. Attracting strong e-commerce volumes perhaps bucks a more Europe-wide trend. Thus, for example, air cargo e-commerce shipment volume growth flatlined in July as the European Union's (EU) new small package import charge took effect.