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 […]
Profit fell at Kuehne + Nagel’s road and rail logistics division in the first half of 2013, compared to the same period in 2012, although it predicted a stronger second half-year performance.
Kuehne + Nagel’s acquisition of international groupage specialist RH Freight in March last year caught many in the industry – including Motor Transport it has to be said – by surprise. But it was all part of the Swiss-owned global logistics business’ long term strategy, as Glenn Lindfield, KN’s senior vice president for contract logistics in North West Europe, tells Steve Hobson Unlike some other logistics firms who spend big money promoting their brands, family-owned Swiss logistics giant Kuehne + […]
Kuehne + Nagel’s road and rail logistics division saw volumes fall in the third quarter due to seasonality and the tough economic conditions affecting Europe, dragging down its nine month performance. It meant EBITDA was 9.6% down on the same period of last year for the first nine months of 2012 at CHF 28m (£18.7m). Despite this, invoiced turnover increased 6.9% to CHF 235m. EBITDA within its contract logistics division in the nine-month period was flat year-on-year at CHF 115m, […]