GCTL8.com (FocusAsia Media Ltd)

BASEL, Oct 26 (FAM) – Kuehne + Nagel (KN) continued to outperform the market in air freight in the third quarter of the year, with one contributing factor being the return of business from certain industries that had partly or fully moved away to sea freight.

The forwarder’s air freight volumes increased by 3.8% in the third quarter and by 2.2% in the first three quarters of 2016, versus a market that approximately declined by 1%, CEO Detlef Trefzger told analysts.