On July 24th, global freight giant Kuehne+Nagel announced its financial performance for the first half of 2025. The net revenue was 12.48 billion Swiss Francs (approximately 15.74 billion US dollars), an 8% year-on-year increase; while the Earnings Before Interest and Taxes (EBIT) stood at 740 million Swiss Francs (approximately 940 million US dollars), a 4% year-on-year decrease.

As per Zhongjin's understanding, in the second quarter of 2025, Kuehne+Nagel achieved a net revenue of 6.15 billion Swiss Francs (approximately 7.76 billion US dollars), a 2% year-on-year increase; with an EBIT of 340 million Swiss Francs (approximately 430 million US dollars), a 15% year-on-year decrease.

Regarding the sea freight business segment, in the first half of 2025, Kuehne+Nagel reported a net revenue of 4.71 billion Swiss Francs (approximately 5.94 billion US dollars), a 16% year-on-year increase; with an EBIT of 370 million Swiss Francs (approximately 460 million US dollars), a 7% year-on-year decrease. During this period, the sea freight volume reached 2.14 million TEUs, a 2% year-on-year increase.

In the second quarter of 2025, Kuehne+Nagel's sea freight business segment achieved a net revenue of 2.21 billion Swiss Francs (approximately 2.79 billion US dollars), a 4% year-on-year increase; with an EBIT of 160 million Swiss Francs (approximately 200 million US dollars), a 21% year-on-year decrease. The sea freight volume completed 1.106 million TEUs, a 0.8% year-on-year increase.

Kuehne+Nagel emphasized that in the first half of 2025, the company experienced significant market share growth on the Asia to Europe routes. Additionally, they stated that the implementation of equivalent tariffs by the United States on countries globally marked a significant turning point, leading to dollar depreciation and increased uncertainty surrounding tariffs, thus causing sharp fluctuations in demand and freight rates in the sea freight logistics business. Despite a decline in U.S. import and export volumes, Kuehne+Nagel offset this impact through growth in other markets.

Stefan Paul, CEO of Kuehne+Nagel, stated: "In the first half of 2025, our operational performance was robust, demonstrating our resilience in a highly competitive market environment. Our sea freight and air freight volumes grew by 2% and 7% respectively, well above market averages. Through various measures, we have laid the foundation for further expanding our market share."

Dr. Joerg Wolle, Chairman of the Board of Directors at Kuehne+Nagel, said: "Against the backdrop of geopolitical uncertainty, Kuehne+Nagel once again achieved strong operational performance in the first half of 2025, with revenue growth significantly outpacing market averages, reaffirming the company's strategic direction."

However, due to the impact of exchange rate fluctuations, Kuehne+Nagel has revised down its full-year 2025 performance expectations, expecting an EBIT of 1.45 to 1.6 billion Swiss Francs (approximately 1.83 to 2.02 billion US dollars). In the first-quarter performance report, Kuehne+Nagel had previously forecasted a full-year EBIT of 1.5 to 1.75 billion Swiss Francs (approximately 1.89 to 2.21 billion US dollars).