Kuehne + Nagel has clinched a major contract to manage GlaxoSmithKline’s UK road distribution of consumer and healthcare goods. The operator will be responsible for the inbound supply route and the final-mile delivery of all subsequent outbound shipments for GSK. This new agreement expands Kuehne + Nagel five-year end-to-end global air, sea and overland logistics partnership with GSK, which it signed in 2016. Under the partnership Kuehne + Nagel operates the transportation of products from the raw materials supplier to […]
Kuehne + Nagel says it is back on track after a weak start to the first six months of trading this financial year. Citing muted consumption and increased market volatility throughout the world, the Swiss logistics giant saw turnover increase just 2.8% to CHF10bn (£6.5bn) for the six months ending 30 June (2011: CHF9.78bn). Globally, EBITDA was down from CHF502m in the same period a year ago, to CHF389m. Its road and rail division reports that its groupage, full and […]
Adverse weather conditions hit volumes in Kuehne + Nagel’s road and rail logistics division, which saw an 85% drop in first quarter EBITDA.
Kuehne + Nagel has raised the security risk for its drivers in Calais to its highest level after an HGV driver was severely injured and had his vehicle hijacked in the area last week.