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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  Kuehne + Nagel International AG    KNIN   CH0025238863

KUEHNE + NAGEL INTERNATIONAL AG

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Kuehne und Nagel International : + Nagel launches AI-enabled freight platform etrucKNow.com for overland shipments in Asia Pacific

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07/08/2019 | 12:03pm EST

Launching first in Thailand, a market where the road freight industry is projected to grow to a market size of over USD 31 billion by 2023, the technology-led platform will eventually be rolled out across 2019 and 2020 to India, Vietnam, Singapore, Malaysia, New Zealand and Australia.

With etrucKNow, shippers get access to a simplified quotation and comparison process. Once shipment details are provided, an AI-enabled engine streamlines and automates the quotation comparison process by validating multiple data points and presents the customer with the most competitive quotation. Customers will enjoy additional savings through promotion codes which will be made available during the launch period.

Real-time visibility, an important concern to customers and carriers, is another key feature of etrucKNow: shippers and carriers will always know where their shipments or drivers are through the platform's real-time track and trace capabilities. They will also receive pro-active service alerts on delivery milestones.

Furthermore, etrucKNow offers approved carriers the opportunity to convert their empty space or trips into potential revenue through the marketplace platform which provides them with access to a network of shippers requiring road freight services. Interested truck vendors can register for an account on etrucKNow.com and are subject to a vetting and onboarding process.

Chellan Ganesan, Vice President of Overland for Kuehne + Nagel South Asia Pacific says: 'etrucKNow.com is an easy-to-use web application designed and developed based on customers' needs and market trends. We are very excited to be able to shape the future of the overland business here in Asia.'

Kuehne + Nagel appointed KPMG Digital Village to assist with the development of etrucKNow.com.

The etrucKNow platform is a further step forward in Kuehne + Nagel's digital transformation process and initiative to establish a seamless digital customer journey.

Disclaimer

Kuehne + Nagel International AG published this content on 08 July 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 July 2019 16:02:05 UTC

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Financials (CHF)
Sales 2019 21 357 M
EBIT 2019 1 046 M
Net income 2019 793 M
Debt 2019 1 559 M
Yield 2019 3,70%
P/E ratio 2019 25,2x
P/E ratio 2020 23,6x
EV / Sales2019 1,00x
EV / Sales2020 0,97x
Capitalization 19 834 M
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Mean consensus HOLD
Number of Analysts 19
Average target price 149,85  CHF
Last Close Price 165,65  CHF
Spread / Highest target 20,7%
Spread / Average Target -9,54%
Spread / Lowest Target -27,6%
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Managers
NameTitle
Detlef A. Trefzger Chief Executive Officer
Jörg W. Wolle Chairman
Markus Blanka-Graff Chief Financial Officer
Martin Kolbe Chief Information Officer
Klaus-Michael Kuehne Honorary Chairman
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