## Company Profile Kuehne + Nagel AG (Switzerland) — brief profile - Global, Swiss‑headquartered freight forwarder and logistics provider with full‑service capabilities across sea freight, air freight, road/rail, contract logistics, and integrated digital platforms (KN Portal, customs/track‑and‑trace tools). Strong presence in Switzerland (Zurich/Glattbrugg, Basel) and recognized network for pharma, high‑value exports and temperature‑controlled logistics. Operates at global scale as a market leader in forwarding and contract logistics with operations in 100+ countries and a large employee base; offers value‑added services (customs clearance, CEIV/GDP‑compliant handling via partner networks). Website: http://www.kn-portal.com ## Pain Points 1) Capturing fast‑growing, high‑yield pharma cold‑chain business: Swiss pharma and temperature‑controlled volumes are growing rapidly and require CEIV/GDP compliance, 24/7 visibility, and contingency routing. K+N must convert more pharma shippers and clinical‑trial customers while protecting margin and compliance — but origination and client education are resource‑intensive. 2) Managing Asia–Europe routing volatility and ad‑hoc contingency work: Red Sea diversions, shorter but volatile spot spikes, and modal shifts mean shippers need rapid alternative sourcing and routing. K+N faces unpredictable operational spikes and must win short‑notice, higher‑margin emergency shipments without overstretching sales/onboarding teams. 3) Generating and converting new SME exporters/importers created by policy shifts (India FTA, EU–Switzerland alignment): New cross‑border opportunities increase lead volume but many clients are SMEs with low ticket sizes and high onboarding friction; converting them at scale requires an efficient origination channel rather than heavy manual sales. ## Intel Summary === MULTI-DIMENSION RESEARCH === === 1. [MARKET EVENTS] Europe–Asia freight 2026: air & ocean capacity, rate trends, China–Europe rail, impact on Swiss forwarders (Zurich) === **Ocean freight Asia–Europe (2026 outlook)** - S&P Global’s 2026 outlook expects **container rates to be softer on average vs. 2024–25 but still volatile**, as excess capacity from mega‑vessels meets uncertain demand and ongoing Red Sea diversions. ([spglobal.com](https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/02/2026-ocean-freight-outlook-softer-rates-ahead-but-volatility-is-not-going-anywhere?utm_source=openai)) - A 2026 freight market review notes: - Carriers are still ordering/receiving new tonnage, keeping **global capacity growth above demand growth**, which is structurally bearish for long‑term rates. ([spglobal.com](https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/02/2026-ocean-freight-outlook-softer-rates-ahead-but-volatility-is-not-going-anywhere?utm_source=openai)) - On Asia–Europe, contract rates for 2026 are trending **below the 2022–23 peak but above pre‑COVID 2019 levels**, reflecting a “higher-for-longer” structural floor due to longer routings around the Cape and risk premiums in the Red Sea corridor. ([spglobal.com](https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/02/2026-ocean-freight-outlook-softer-rates-ahead-but-volatility-is-not-going-anywhere?utm_source=openai)) - Red Sea disruptions (Suez avoidance) in late 2024–2025 add **~10–14 days transit time on many Asia–North Europe loops**, tightening effective capacity and supporting **spot rate spikes** during peak season scenarios in 2026. ([gocubic.io](https://www.gocubic.io/guides/market-intelligence/2026-freight-market-outlook?utm_source=openai)) **Air freight Asia–Europe (2026)** - UPS’s 2026 supply chain outlook expects **air capacity to continue normalizing** after pandemic highs, with: - **More wide‑body belly capacity** on Europe–Asia passenger routes as airlines restore/expand schedules. - Yield pressure in general cargo, but **resilient pricing for high‑value, time‑critical commodities** (pharma, semiconductors, urgent spares). ([ups.com](https://www.ups.com/de/en/supplychain/resources/news-and-market-updates/2026-supply-chain-outlook?utm_source=openai)) - The same outlook highlights a **shift of some volumes from trans‑Pacific to Asia→Europe and “Silk Road” corridors**, implying relatively **better utilization and pricing power on Europe–Asia lanes** versus other trade lanes in 2026. ([ups.com](https://www.ups.com/de/en/supplychain/resources/news-and-market-updates/2026-supply-chain-outlook?utm_source=openai)) **China–Europe rail: modal shift vs. ocean and air** - New data show a **reversal in rail’s previous growth trend**: - Eurasian rail freight volumes on China–Europe–China routes fell from **380,600 TEU to 311,200 TEU in 2025**, an **18% year‑on‑year decline**, as cheaper ocean freight attracted price‑sensitive shippers back to sea. ([rwfreight.co.uk](https://www.rwfreight.co.uk/news/2026/04/03/cheaper-sea-freight-affects-rail-freight-123/?utm_source=openai)) - Despite the drop, rail remains important for specific segments (higher‑value goods needing faster transit than sea but cheaper than air). A 2026 rail market note reports that **return (Europe→China) flows on China–Europe rail have now overtaken eastbound flows**, indicating more balanced two‑way utilization and improved economics for some operators. ([railmarket.com](https://railmarket.com/news/freight-rail/51534-return-flows-overtake-outbound-on-china-europe-rail?utm_source=openai)) - Structural factors behind rail’s position in 2026: - Rail gained share during 2020–2022 when **sea/air were congested and expensive**. - With more normal ocean capacity and softer rates in 2025–26, rail’s **relative price advantage has eroded**, though it still offers **10–15 day shorter transit than sea** on many routes. ([rwfreight.co.uk](https://www.rwfreight.co.uk/news/2026/04/03/cheaper-sea-freight-affects-rail-freight-123/?utm_source=openai)) **Implications for Swiss forwarders (Zurich and national)** - Switzerland is extremely trade‑exposed and logistics‑intensive; federal statistics show **imports up 4.5% to CHF 232.7 bn in 2025**, while exports remained high, underpinned by pharma and machinery. ([bazg.admin.ch](https://www.bazg.admin.ch/en/foreign-trade-statistics?utm_source=openai)) - For Swiss forwarders (many of them clustered around **Zurich Airport and Basel**), the 2026 environment implies: - **Ocean**: More competition on Asia–Europe FEU rates but operational complexity from Red Sea diversions. Margin opportunities are shifting from base rates toward **value‑added planning, multi‑routing (Suez vs. Cape), and inventory optimization** for shippers. ([spglobal.com](https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/02/2026-ocean-freight-outlook-softer-rates-ahead-but-volatility-is-not-going-anywhere?utm_source=openai)) - **Air**: For high‑value Swiss exports (pharma, precision machinery, luxury), forwarders in Zurich are operating in a market with **ample but not excessive capacity** and **segmented pricing**, where CEIV‑certified, cold‑chain, and high‑security products retain pricing power. ([ups.com](https://www.ups.com/de/en/supplychain/resources/news-and-market-updates/2026-supply-chain-outlook?utm_source=openai)) - **Rail**: The **18% drop in China–Europe rail TEU** reduces the urgency for Swiss forwarders to build big rail‑only products, but **balanced two‑way flows** mean niche opportunities remain for time‑sensitive, mid‑value cargo wanting a compromise between sea and air. Zurich‑based integrators can position rail as a **portfolio option** rather than a core mode. ([rwfreight.co.uk](https://www.rwfreight.co.uk/news/2026/04/03/cheaper-sea-freight-affects-rail-freight-123/?utm_source=openai)) **Key risk & strategy notes for 2026 (Europe–Asia, Swiss context)** - Rate volatility (especially around Red Sea/Suez security events) is a central risk: even with a softer annual average, **sharp, short spikes in spot rates** are still expected. ([spglobal.com](https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/02/2026-ocean-freight-outlook-softer-rates-ahead-but-volatility-is-not-going-anywhere?utm_source=openai)) - Forwarders and shippers in Switzerland are increasingly urged (by logistics advisories) to: - **Diversify modes** (ocean + rail + air) and routings (northern vs. southern ports, alternative rail gateways). - Negotiate **blended or index‑linked contracts** instead of relying purely on spot markets. ([spglobal.com](https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/02/2026-ocean-freight-outlook-softer-rates-ahead-but-volatility-is-not-going-anywhere?utm_source=openai)) **Sources (Market Events)**: ([spglobal.com](https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/02/2026-ocean-freight-outlook-softer-rates-ahead-but-volatility-is-not-going-anywhere?utm_source=openai)) === 2. [COMMODITY TRENDS] Switzerland pharma & perishables cold‑chain freight demand 2026 (imports/exports, urgent airfreight, regulatory drivers) === **Scale and growth of Swiss pharma cold chain logistics** - Switzerland is one of the world’s leading life‑science exporters. EU data show that the EU’s main imports from Switzerland are **chemical and pharmaceutical products**, alongside machinery and precision instruments. ([policy.trade.ec.europa.eu](https://policy.trade.ec.europa.eu/eu-trade-relationships-country-and-region/countries-and-regions/switzerland_en?utm_source=openai)) - A recent Swiss logistics industry profile (Val Index, early 2026) cites **pharma/cold‑chain logistics as one of the strongest growth niches**, with: - Overall Swiss freight & logistics sector CAGR **2024–2032 projected at ~3–4%**, - **Pharma cold chain specifically growing ~8–10% annually**, driven by biologics, cell & gene therapies, and temperature‑sensitive vaccines. ([valindex.ch](https://valindex.ch/en/industry/logistics-pharma/?utm_source=openai)) - Basel is highlighted as **Switzerland’s primary pharma air‑cargo gateway**, with strong presence of Roche, Novartis, Lonza and specialized logistics providers, and significant spill‑over of volumes via Zurich Airport. ([valindex.ch](https://valindex.ch/en/industry/logistics-pharma/?utm_source=openai)) **Recent infrastructure & capacity signals (airfreight)** - Swissport (major Swiss‑headquartered handler/forwarder) reports: - **Dec 2025**: Expansion of its **pharmaceutical network to 24 certified pharma centers**, with CEIV Pharma and other standards; in 2024 it handled **~5 million tons of air freight worldwide**, with **pharmaceutical shipments ~10% of volume** (≈500,000 tons), indicating substantial specialized handling capacity. ([swissport.com](https://www.swissport.com/news/press-release/2025/20251217_swissport_mediarelease_swissport-expands-pharmaceutical-network-to-24-certified-pharma-centers?utm_source=openai)) - **Mar 26, 2026**: Announcement from EuroAirport Basel that Swissport has reached a new milestone in **temperature‑controlled cargo**, citing “**structural growth in temperature‑controlled cargo**” and reinforcing Basel’s role as a **key European gateway for life‑science air cargo**. ([swissport.com](https://www.swissport.com/en/news/current-news/2026/swissport-drives-pharma-cold-chain-growth-at-euroairport-basel?utm_source=openai)) - Swissport’s Pharma Centers (Basel, Brussels, Frankfurt, and others including Zurich) offer **end‑to-end cooling**, real‑time tracking, and multiple temperature ranges (typically **+2 to +8°C, +15 to +25°C, and frozen**) to support GDP‑compliant movements of medicines and APIs. ([swissport.com](https://www.swissport.com/en/our-services/air-cargo-services/swissport-pharma-centers?utm_source=openai)) **Demand structure: import vs. export; urgency profile** - Export‑side demand: - Large Swiss pharma manufacturers export **high‑value biologics and advanced therapies**, often **time‑critical** with strict stability windows; these typically **move by air**, using **dedicated pharma ULDs, passive/active containers, and tight lead times**. - Industry analysis notes that **Roche biologics (e.g., Ocrevus, Hemlibra) and Novartis gene therapy products (e.g., Zolgensma)** generate “massive GDP‑compliant cold chain demand through the Basel corridor.” ([valindex.ch](https://valindex.ch/en/industry/logistics-pharma/?utm_source=openai)) - Import‑side demand: - Switzerland imports various **clinical trial materials, APIs, vaccines, and specialized inputs** that are equally temperature‑sensitive; many move inbound by **urgent airfreight** to support just‑in‑time production and R&D programs. - While exact 2026 tonnage by commodity is not yet disaggregated in public customs data, the strong **double‑digit growth in temperature‑controlled volumes reported at Basel** suggests that pharma cold‑chain exports/imports are growing **faster than overall Swiss traffic**, consistent with the **8–10% CAGR range**. ([swissport.com](https://www.swissport.com/en/news/current-news/2026/swissport-drives-pharma-cold-chain-growth-at-euroairport-basel?utm_source=openai)) **Perishables (food, fresh produce, other cold‑chain)** - Federal statistics highlight that Switzerland imported a record **110,400 tonnes of bananas in 2025**, an indicator of the scale of refrigerated fruit flows and the importance of cold‑chain in food logistics. ([bazg.admin.ch](https://www.bazg.admin.ch/en/foreign-trade-statistics?utm_source=openai)) - Broader textiles/consumer trade data show returned goods are a modest share of trade, implying **food imports remain mostly for final consumption rather than re‑export**, reinforcing steady demand for **temperature‑controlled inbound logistics**. ([en.wikipedia.org](https://en.wikipedia.org/wiki/Swiss_textile_and_clothing_industry?utm_source=openai)) - This refrigerated food demand is largely **seaborne** via North European and Mediterranean ports with final trucking/rail into Switzerland, but **airfreight is used for high‑value, highly perishable items** (fresh seafood, berries, specialty produce), particularly into **Zurich and Geneva**. Public sources don’t break out precise perishables air tonnage for 2026 yet, but airport/handler communications underline **ongoing investment in cool storage for perishables alongside pharma**. (Inference from combined cargo facility capabilities.) ([swissport.com](https://www.swissport.com/en/our-services/air-cargo-services/swissport-pharma-centers?utm_source=openai)) **Regulatory drivers (2026)** - **Good Distribution Practice (GDP) and aviation standards**: - Swiss logistics providers serving pharma are under **EU GDP for medicinal products** (via Switzerland’s bilateral alignment) and **IATA CEIV Pharma** or similar certifications. Swissport explicitly references CEIV Pharma compliance at Basel and its global pharma centers. ([swissport.com](https://www.swissport.com/en/our-services/air-cargo-services/swissport-pharma-centers?utm_source=openai)) - **EU–Switzerland trade framework updates**: - The European Commission notes that an updated framework for EU–Switzerland relations aims to **align standards and rules in closely integrated areas**, explicitly including **medical devices and food products**, to “provide legal certainty, simplify trade in goods like medical devices and food, and ease cross‑border supply.” This alignment supports **predictable regulatory conditions for cross‑border cold‑chain flows** in 2026. ([policy.trade.ec.europa.eu](https://policy.trade.ec.europa.eu/eu-trade-relationships-country-and-region/countries-and-regions/switzerland_en?utm_source=openai)) - **Aviation safety and security regulations** (EASA, Swiss FOCA) continue to require **validated temperature control, data logging and chain‑of‑custody** for high‑risk pharmaceuticals, which in practice: - Pushes shippers toward **specialized forwarders and handlers** in Zurich/Basel, - Justifies **premium urgent‑airfreight products** with guaranteed temperature ranges and priority handling. ([swissport.com](https://www.swissport.com/en/our-services/air-cargo-services/swissport-pharma-centers?utm_source=openai)) **Implications for Swiss forwarders (2026)** - Cold‑chain pharma is **one of the most attractive yield pools** in Swiss freight: - Volume growth (≈8–10% annually) is well above general freight growth, - High regulatory and quality barriers protect margins, - Basel–Zurich corridor is a European hub for such traffic. ([valindex.ch](https://valindex.ch/en/industry/logistics-pharma/?utm_source=openai)) - Forwarders who can combine: - **CEIV/GDP‑compliant handling**, - **24/7 shipment visibility**, and - **contingency routing across air, sea + reefer, and even rail for some stable products** are best positioned for 2026 demand, especially as global pharma supply chains diversify manufacturing and clinical trial locations. **Sources (Commodity Trends – Cold Chain)**: ([valindex.ch](https://valindex.ch/en/industry/logistics-pharma/?utm_source=openai)) === 3. [DEMAND SIGNALS] Swiss import–export 2026: electronics, machinery, food; trade flows & customs / trade policy updates affecting forwarders & shippers === **Latest Swiss trade flows (headline)** - Switzerland’s foreign trade statistics (Federal Customs / BAZG) report that after two weak years, **imports grew 4.5% in 2025 to CHF 232.7 bn**. ([bazg.admin.ch](https://www.bazg.admin.ch/en/foreign-trade-statistics?utm_source=openai)) - Trading Economics, using official customs data, shows **imports at CHF 19.6 bn in March 2026**, up **10.1% month‑on‑month**, driven mainly by: - **Chemical and pharmaceutical products: +36.1%**, - **Machinery, electronics and equipment: +1.6%**, indicating positive momentum in industrial imports. ([tradingeconomics.com](https://tradingeconomics.com/switzerland/imports?utm_source=openai)) **By sector: electronics, machinery, food (latest available breakdowns)** - EU reporting on trade with Switzerland confirms that the **EU’s main imports from Switzerland (i.e., Swiss exports) include**: - **Machinery and appliances**, - **Optical and photographic instruments**, - **Chemical and pharmaceutical products**, - **Precious metals and stones**. ([policy.trade.ec.europa.eu](https://policy.trade.ec.europa.eu/eu-trade-relationships-country-and-region/countries-and-regions/switzerland_en?utm_source=openai)) - On the import side into Switzerland (demand for forwarding services inbound): - **Machinery, electronics and equipment** are explicitly cited as a major contributor to March 2026 import growth (+1.6%), indicating stable to growing industrial and technology demand. ([tradingeconomics.com](https://tradingeconomics.com/switzerland/imports?utm_source=openai)) - **Textiles, clothing and footwear** imports were CHF 11.78 bn in 2024, about **5.3% of total Swiss imports**, showing a sizable consumer‑goods segment that often relies on Asia–Europe container flows. ([en.wikipedia.org](https://en.wikipedia.org/wiki/Swiss_textile_and_clothing_industry?utm_source=openai)) - Food and agricultural imports: Federal statistics highlight **110,400 tonnes of bananas imported in 2025**, a record, indicative of resilient **refrigerated food demand** despite economic cycles. ([bazg.admin.ch](https://www.bazg.admin.ch/en/foreign-trade-statistics?utm_source=openai)) **Customs and trade policy updates relevant to 2026** 1. **New Free Trade Agreement with India (entered into force 1 October 2025)** - The Swiss customs’ 2025 annual figures highlight that Switzerland has **35 FTAs with 45 partners**, and that the latest FTA **with India entered into force on 1 October 2025**. ([bazg.admin.ch](https://www.bazg.admin.ch/dam/en/sd-web/ywDsTHlFGGn7/BAZG_Jahreszahlen_2025_e.pdf?utm_source=openai)) - While detailed tariff schedules vary by HS code, this agreement is expected to **reduce or phase out tariffs on a wide range of industrial goods (machinery, electronics) and selected agricultural/processed food items**, which in turn: - Creates medium‑term **upside for two‑way trade in machinery and electronics**, - Offers **new sourcing and export options** for Swiss forwarders’ clients, particularly in engineering, watches, and specialty foods targeted at the Indian market. 2. **EU–Switzerland institutional framework & standards alignment** - The European Commission emphasizes a renewed framework designed to **align standards and rules** in closely integrated sectors and to **simplify trade in goods such as medical devices and food products** between the EU and Switzerland. ([policy.trade.ec.europa.eu](https://policy.trade.ec.europa.eu/eu-trade-relationships-country-and-region/countries-and-regions/switzerland_en?utm_source=openai)) - For forwarders, this means: - More **predictable regulatory conditions** for cross‑border shipments in sensitive categories (medical, food), - Potential reductions in **non‑tariff barriers and documentary friction** on the EU–Swiss border, which is critical because the EU is Switzerland’s **largest trading partner** in machinery, electronics, and food. 3. **Customs data tools and digitalization** - The customs administration promotes **SwissImpex**, its official dashboard for foreign trade statistics; datasets updated in December 2025 cover **unit value indices by commodity group, partner‑country breakdowns, and monthly trade flows**. ([bazg.admin.ch](https://www.bazg.admin.ch/bazg/en/home/themen/schweizerische-aussenhandelsstatistik/daten.html?utm_source=openai)) - This continued digitalization: - Enhances **data transparency for forwarders**, who can benchmark volumes and pricing trends, - Facilitates integration of **EDI customs clearance workflows**, reducing clearance times (important for just‑in‑time electronics and machinery components). **Demand signals for Swiss forwarders and shippers (2026)** - **Electronics & machinery** - Short‑term: Official data show **positive growth in machinery/electronics imports in early 2026 (+1.6% in March)**, while EU reports confirm machinery/appliances remain a **core Swiss export to the EU**. ([tradingeconomics.com](https://tradingeconomics.com/switzerland/imports?utm_source=openai)) - Medium‑term: - The **India FTA** and Switzerland’s broader FTA network (35 agreements, 45 partners) are likely to **shift some sourcing of components and finished electronics/machinery** toward FTA partners, supporting **multi‑lane trade development** beyond the traditional EU focus. ([bazg.admin.ch](https://www.bazg.admin.ch/dam/en/sd-web/ywDsTHlFGGn7/BAZG_Jahreszahlen_2025_e.pdf?utm_source=openai)) - This favors forwarders who can provide **integrated ocean/air/rail solutions** connecting Switzerland with India and other Asian partners, plus robust customs advisory. - **Food and cold‑chain commodities** - Record high banana imports and stable consumer demand suggest **steady inbound reefer flows**. For Swiss‑based forwarders, this is a **volume‑stable but margin‑competitive** segment; differentiation comes from **temperature‑control reliability, sustainability (CO₂ reporting), and resilience** to disruptions. ([bazg.admin.ch](https://www.bazg.admin.ch/en/foreign-trade-statistics?utm_source=openai)) - The expected EU–Swiss alignment on food standards supports **friction‑reduced cross‑border food trade**, benefitting forwarders serving retailers and food manufacturers on both sides of the border. ([policy.trade.ec.europa.eu](https://policy.trade.ec.europa.eu/eu-trade-relationships-country-and-region/countries-and-regions/switzerland_en?utm_source=openai)) - **High‑value regulated products (pharma, medical, precision instruments)** - As per Section 2, these are growing faster than total trade and generate **above‑average yields** for logistics providers. - Combined with the EU–Swiss framework on medical devices and alignment with EU rules, forwarders in Zurich and Basel can position **GDP‑compliant, high‑reliability services** as a core differentiator. ([policy.trade.ec.europa.eu](https://policy.trade.ec.europa.eu/eu-trade-relationships-country-and-region/countries-and-regions/switzerland_en?utm_source=openai)) **Strategic takeaways for 2026** - Overall demand signals are **constructively positive**: - Import growth in 2026 so far (notably **chemicals/pharma and machinery/electronics**) and high levels of food imports imply **continued need for both general and specialized forwarding services**. ([tradingeconomics.com](https://tradingeconomics.com/switzerland/imports?utm_source=openai)) - Policy and customs trends (new FTAs, EU alignment, digital customs tools) mostly **reduce friction and widen market opportunities**, but also place a premium on: - **Up‑to‑date regulatory expertise**, - **Data‑driven network design**, - **Integrated solutions across modes and regions** (EU, India/Asia, Americas). **Sources (Demand Signals – Trade & Policy)**: ([tradingeconomics.com](https://tradingeconomics.com/switzerland/imports?utm_source=openai)) Sources: • 2026 Ocean Freight Outlook: Softer Rates Ahead, but Volatility Isn’t Going Anywhere | S&P Global https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/02/2026-ocean-freight-outlook-softer-rates-ahead-but-volatility-is-not-going-anywhere?utm_source=openai • 2026 Ocean Freight Outlook: Softer Rates Ahead, but Volatility Isn’t Going Anywhere | S&P Global https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/02/2026-ocean-freight-outlook-softer-rates-ahead-but-volatility-is-not-going-anywhere?utm_source=openai • 2026 Freight Market Outlook: Container Rates, Capacity, and Strategy - Import Intelligence | Cubic https://www.gocubic.io/guides/market-intelligence/2026-freight-market-outlook?utm_source=openai • 2026 Supply Chain Outlook | UPS Supply Chain Solutions https://www.ups.com/de/en/supplychain/resources/news-and-market-updates/2026-supply-chain-outlook?utm_source=openai • 2026 Supply Chain Outlook | UPS Supply Chain Solutions https://www.ups.com/de/en/supplychain/resources/news-and-market-updates/2026-supply-chain-outlook?utm_source=openai • Cheaper sea freight affects rail freight https://www.rwfreight.co.uk/news/2026/04/03/cheaper-sea-freight-affects-rail-freight-123/?utm_source=openai • Return flows overtake outbound China–Europe rail | Latest Railway News https://railmarket.com/news/freight-rail/51534-return-flows-overtake-outbound-on-china-europe-rail?utm_source=openai • Cheaper sea freight affects rail freight https://www.rwfreight.co.uk/news/2026/04/03/cheaper-sea-freight-affects-rail-freight-123/?utm_source=openai • Foreign trade statistics https://www.bazg.admin.ch/en/foreign-trade-statistics?utm_source=openai • 2026 Ocean Freight Outlook: Softer Rates Ahead, but Volatility Isn’t Going Anywhere | S&P Global https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/02/2026-ocean-freight-outlook-softer-rates-ahead-but-volatility-is-not-going-anywhere?utm_source=openai • 2026 Supply Chain Outlook | UPS Supply Chain Solutions https://www.ups.com/de/en/supplychain/resources/news-and-market-updates/2026-supply-chain-outlook?utm_source=openai • Cheaper sea freight affects rail freight https://www.rwfreight.co.uk/news/2026/04/03/cheaper-sea-freight-affects-rail-freight-123/?utm_source=openai • 2026 Ocean Freight Outlook: Softer Rates Ahead, but Volatility Isn’t Going Anywhere | S&P Global https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/02/2026-ocean-freight-outlook-softer-rates-ahead-but-volatility-is-not-going-anywhere?utm_source=openai • 2026 Ocean Freight Outlook: Softer Rates Ahead, but Volatility Isn’t Going Anywhere | S&P Global https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/02/2026-ocean-freight-outlook-softer-rates-ahead-but-volatility-is-not-going-anywhere?utm_source=openai • 2026 Ocean Freight Outlook: Softer Rates Ahead, but Volatility Isn’t Going Anywhere | S&P Global https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/02/2026-ocean-freight-outlook-softer-rates-ahead-but-volatility-is-not-going-anywhere?utm_source=openai • 2026 Ocean Freight Outlook: Softer Rates Ahead, but Volatility Isn’t Going Anywhere | S&P Global https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/02/2026-ocean-freight-outlook-softer-rates-ahead-but-volatility-is-not-going-anywhere?utm_source=openai • 2026 Ocean Freight Outlook: Softer Rates Ahead, but Volatility Isn’t Going Anywhere | S&P Global https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/02/2026-ocean-freight-outlook-softer-rates-ahead-but-volatility-is-not-going-anywhere?utm_source=openai • EU trade relations with Switzerland https://policy.trade.ec.europa.eu/eu-trade-relationships-country-and-region/countries-and-regions/switzerland_en?utm_source=openai • Logistics (Pharma / Cold Chain) Switzerland: ~13,600 Firms, SWOT & Data | Val Index™ https://valindex.ch/en/industry/logistics-pharma/?utm_source=openai • Logistics (Pharma / Cold Chain) Switzerland: ~13,600 Firms, SWOT & Data | Val Index™ https://valindex.ch/en/industry/logistics-pharma/?utm_source=openai • Zurich, 17 December 2025 https://www.swissport.com/news/press-release/2025/20251217_swissport_mediarelease_swissport-expands-pharmaceutical-network-to-24-certified-pharma-centers?utm_source=openai • Swissport International AG - Swissport drives pharma cold chain growth at EuroAirport Basel https://www.swissport.com/en/news/current-news/2026/swissport-drives-pharma-cold-chain-growth-at-euroairport-basel?utm_source=openai • Swissport International AG - Swissport Pharma Centers https://www.swissport.com/en/our-services/air-cargo-services/swissport-pharma-centers?utm_source=openai • Logistics (Pharma / Cold Chain) Switzerland: ~13,600 Firms, SWOT & Data | Val Index™ https://valindex.ch/en/industry/logistics-pharma/?utm_source=openai • Zurich, 17 December 2025 https://www.swissport.com/news/press-release/2025/20251217_swissport_mediarelease_swissport-expands-pharmaceutical-network-to-24-certified-pharma-centers?utm_source=openai • Swissport International AG - Swissport drives pharma cold chain growth at EuroAirport Basel https://www.swissport.com/en/news/current-news/2026/swissport-drives-pharma-cold-chain-growth-at-euroairport-basel?utm_source=openai • Foreign trade statistics https://www.bazg.admin.ch/en/foreign-trade-statistics?utm_source=openai)