Kuehne+Nagel delivered strong Q1 2026 results.
Kuehne+Nagel Group reported net turnover of about €5.7 billion, with EBIT of roughly €350 million and earnings of around €255 million, supported by cost-saving measures that reduced unit costs.
Road Logistics, closely tied to global trailer freight, saw steady growth, generating about €930 million in revenue and gaining market share across regions. Demand for cross-border trucking increased, particularly as Middle East disruption prompted the use of land-bridge routes, including flows between Saudi Arabia and the UAE.
Air Logistics also performed well, with around €1.6 billion in turnover and approximately €113 million in EBIT. Capacity constraints linked to regional instability boosted demand for charter services, supporting time-sensitive freight movements that often connect to road-based distribution.
Sea Logistics was impacted by Middle East tensions, with higher service intensity and softer year-on-year comparisons following unusually strong volumes in early 2025.
Contract Logistics delivered roughly €1.2 billion in turnover and about €96 million in EBIT, supported by network expansion and a one-off gain from a property sale.
Kuehne+Nagel CEO, Stefan Paul, said disciplined cost management and network flexibility position the company to manage ongoing volatility, including geopolitical risks and currency pressures.
The group now expects full-year 2026 EBIT between approximately €1.3 billion and €1.4 billion.
In other news, Bendix Commercial Vehicle Systems has expanded the solar energy system at its manufacturing facility in Acuña, Mexico.
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