K+N road logistics EBITDA hit by poor weather conditions


 

Adverse weather conditions hit volumes in Kuehne + Nagel’s road and rail logistics division, which saw an 85% drop in first quarter EBITDA. The firm’s Q1 results revealed that invoiced turnover for the division dipped slightly to CHF 737m (£517m) from  CHF 744m in Q1 2012, as volumes were hit by poor weather conditions and a “difficult” economic situation in Europe. Declines in groupage volumes also contributed to a fall in first quarter EBITDA, which dropped to CHF 2m (Q1 […]