K+N sees road and rail logistics turnover and earnings slip


 

Kuehne + Nagel says it is  on track to reach its goals for profitable growth, despite a slip in turnover and EBITDA in its road and rail business. Turnover in the division fell 2.5% to CHF2.28bn (£1.5bn) for the nine months ended 30 September 2013, compared to CHF2.34bn (£1.6bn) during the same period last year, its Q3 results have revealed. EBITDA also dropped 21% to CHF22m (£15m), compared to CHF28m (£19m) last year. K+N said the division has been focused […]