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HAMBURG: October 17, 2017. Six months after its launch, Kuehne + Nagel (KN) has added points in northern China, Japan and South Korea to its Eurasia Express rail service.

Among them is China's 'Motor City' Changchun that now has a weekly rail link with Hamburg.

KN RAILThe company is also offering sea/rail services between Japan and South Korea, LCL rail shipments between China and Russia via Moscow's multimodal Vorsino logistics terminal, and the first 14-day link between Xian in China and Kouvola in Finland.

As a result, more than 50 points in China will be linked with more than 20 in Russia with a maximum 24-day delivery time via Moscow.

"KN Eurasia Express is a success story. Delivery times are much faster compared to seafreight, while costs are much lower than airfreight, making it an attractive product for our customers," declared KN head of Seafreight Otto Schacht. "Now we're expanding this service to include commercial centres in northern China, South Korea and South- East Asia," he added.

For the first nine months of 2017, KN reported a 10.4 percent year-on-year increase in net turnover to CHF13.5 billion; a 2.8 percent rise in operating profit (EBITDA) to CHF840 million; and a 1.3 percent bump in net profit to CHF540 million.

Seafreight volumes rose 8.0 percent in the period; airfreight traffic jumped 19 percent; trucking revenue increased 5.2 percent and gross profit from contract logistics rose 7.7 percent.

strong volume growth and active cost management we further improved results in the third quarter in line with our expectations," said KN International CEO Detlef Trefzger. "The business development in the first nine months of 2017 confirms our strategic focus on value-creating solutions and makes us confident to reach our profitability targets we have set ourselves for the full business year."

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