DSV Road MD René Falch Olesen said that the economy in 2012 had affected the firm’s profit in what was a “satisfactory” year for the operator. Financial results for the year ended 31 December 2012, which were published earlier this month, showed that turnover was down 3.2% to £179.3m (2011: £185.4m), while pre-tax profit fell 41% to £5.6m, compared to £9.7m in the previous year. Falch Olesen said: “We were very happy with the results under the circumstance that the […]
The volume of parcels being handled by UK Mail has surpassed its current operational capacity.
Kuehne + Nagel last year boosted both profit and turnover, globally and in Europe, through a combination of winning new business and restructuring.
Adverse weather conditions hit volumes in Kuehne + Nagel’s road and rail logistics division, which saw an 85% drop in first quarter EBITDA.