A robust and well-timed Air freight performance complemented a less impressive showing in Sea logistics, falling short of analyst expectations. Meanwhile, Road freight remained stable, and Contract Logistics experienced a significant boost at Kuehne + Nagel. This summary encapsulates the Swiss forwarder's Q4 trading update, released concurrently with its full-year 2025 figures. The accompanying screenshot, sourced from Bernstein, clearly illustrates these trends.