On September 26, Kuehne+Nagel Group predicted that due to the race among major tech companies to build data centers in response to the AI boom, its emerging business of providing logistics services to these companies and data centers would maintain double-digit growth for at least three years. Earlier this week, the Swiss freight giant announced a seven-year agreement with Amazon.com Inc. to handle such operations, driving its stock price to a two-year high. Kuehne+Nagel CEO Stefan Paul revealed that the company's clients include six of the 'Magnificent Seven' U.S. stocks. Hyperscalers and other companies are seeking end-to-end supply chain services that go beyond basic transportation, covering supplier management, customs clearance, and on-site delivery. Paul stated, 'We have locked in demand forecasts for the next three years, so for 2027, 2028, and 2029, we have a general understanding of their equipment expectations and growth, and we anticipate continued double-digit growth.'
