Kuehne + Nagel said that the performance of its contract logistics division “continues to be impressive” after a “game-changing” contract with the Ministry of Defence saw turnover rise 33% year-on-year. According to its most-recent filing at Companies House, turnover at K+N’s contract logistics division rose from £389m to £516.7m for the year-ending 31 December 2016. The strategic report within the filings states: “The UK market is an extremely competitive one and margins are always very tight, especially in the current […]
The Ministry of Defence (MoD) has awarded a four year vehicle supply and maintenance contract to Ryder, worth €30m (£25.4m).
Logistic company Kuehne + Nagel has sold its Renault Trucks dealership RH Commercial Vehicles for an undisclosed sum, a year after it bought its parent company The RH Group for £66.9m. The new owners of the East Midlands dealership, that employs 55 people, include its current MD Nigel Baxter and general manager Paul Pearson, who becomes commercial director, as well as Neville and Peter Baxter. Last year the dealership turned over £16m from sales, parts and servicing from its head […]