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Kuehne+Nagel: Data Center Logistics Orders Locked for Next Three Years, Expects Double-Digit Growth
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Kuehne+Nagel, a global freight forwarding leader, forecasts that its data center logistics services will achieve double-digit growth over the next three years, driven by large tech companies building AI infrastructure. The Swiss company stated that demand orders for 2027, 2028, and 2029 are already largely secured, based on clients' clear equipment procurement plans. CEO Stefan Paul revealed that six of the 'Magnificent Seven' U.S. tech firms are clients, and their needs have shifted from basic freight to end-to-end supply chain services including supplier management, customs clearance, and on-site delivery. This week, Kuehne+Nagel signed a seven-year agreement with Amazon to fully manage its data center logistics, pushing the company's stock to a two-year high. The article is sourced from Tencent Stock and the Science and Technology Innovation Board Daily.
Source report
By Xiao K
The AI boom is reshaping the freight industry, as major companies ramp up hardware procurement and facility construction, generating significant demand for high-value cross-border logistics, warehousing, and equipment delivery.
Kuehne+Nagel Group expects its data center logistics services to maintain steady double-digit growth over the next three years, driven by large technology companies building data centers in response to the AI surge. The company reports that orders for related services from 2027 to 2029 are already largely secured.
About Kuehne+Nagel
Headquartered in Schindellegi, Switzerland, Kuehne+Nagel is a global leader in integrated logistics and a component of the Swiss SMI blue-chip index. The company operates across nearly 100 countries with more than 1,300 sites.
Key highlights:
- World's largest air and sea freight forwarding business
- Strong competitiveness in road transport and contract logistics
- Serves approximately 400,000 clients globally across high-tech, semiconductor, pharmaceutical, automotive, and consumer goods sectors
- Provides end-to-end supply chain solutions
- Specializes in high-value-added services including temperature-controlled pharmaceutical logistics, precision equipment, and chip-related cross-border shipping
- Deeply involved in global semiconductor and high-end manufacturing supply chain transportation
Recent Developments
Earlier this week, the Swiss freight giant signed a seven-year cooperation agreement with Amazon to fully manage its data center logistics projects. The announcement pushed Kuehne+Nagel's stock (KNIN.SIX) to a two-year high.
CEO Commentary
Stefan Paul, CEO of Kuehne+Nagel, revealed that the company's client list now includes six of the "Magnificent Seven" U.S. tech giants. He noted that demand from large technology companies has evolved from basic freight services to "end-to-end" full-chain supply chain solutions, covering complex stages such as supplier management, customs clearance, and on-site delivery.
Based on clients' clear equipment procurement plans, Kuehne+Nagel has made explicit projections for business volume and growth trajectory over the next three years:
"Demand for the next three years (2027, 2028, and 2029) is already locked in... We already know roughly how much they (large tech companies) have planned in terms of equipment and the growth trajectory. We expect double-digit growth over the next three years."
Source
科创板日报Regional
Part of this Story
Kuehne+Nagel locks data center logistics orders through 2029 on AI boom