International Swiss-based freight and logistics business Kuehne + Nagel reaped the benefits of its long term growth strategy with record results in the 12 months to 31 December 2011. Globally, K+N saw net profit rise to CHF606m (£421m) on turnover of CHF19.6bn (£13.6bn), increases of 12.2% and 9% respectively after the effect of the strong appreciation of the Swiss franc against K+N’s major trading currencies was stripped out, according to Tim Scharwath, vice-president for global air logistics. In K+N’s four […]
Conditions in the road transport market have “never been more challenging” the chief executive of Gregory Distribution has said.
Fuel efficiency increases from its Euro-6 fleet boosted CM Downton’s pre-tax profit last year. Emma Shone
Kuehne + Nagel (K+N) is to invest £5m in multi-temperature distribution centres and a fleet of 60 vehicles for a long term new food service customer, Spirit Pub Company. K+N sees food service as a significant growth market, already representing £50m of its UK contract logistics business, much of it with Whitbread, where volumes have grown 50% to 31m cases a year since 2008. Spirit demerged in September 2011 from Punch Taverns, and is one of the UK’s leading pub […]