Kuehne + Nagel cites share gains as air cargo peak builds

2026-10-25 · Logistics

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 gathers pace. Airfreight volumes rose 10% year on year, with chief executive Stefan Paul estimating underlying market growth at 3-4% and attributing the remainder to share gains. The results point to a freight forwarder outperforming a modestly growing air cargo market, as the peak season strengthens into the year-end period.

Why it matters：Forwarder share gains reveal how concentrated air cargo growth is among large integrators, a signal for competitors and shippers negotiating peak-season capacity.

Key points

• Airfreight volumes rose 10% year on year in Q3
• CEO estimates underlying market growth at 3-4%, crediting 60-70% of growth to share gains

Sources (original reporting)

• The Loadstar

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