Kuehne + Nagel felt the benefit of its acquisition of RH Freight last year as turnover in its road and rail division rose 18% during the first quarter of 2012. The logistics giant says that it made “good progress” in its European road freight operations with volumes up in its groupage and full and part loads businesses. EBITDA increased 7.7% in Q1, equating to a profit margin of 1.9% – “stable” year-on-year, according to the firm. Overall, including K+N air […]
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, […]
Kuehne + Nagel UK managing director Marcus Bennett oversaw a 43.5% jump in profitability at the 3PL during his first full year in charge of the British arm of the Swiss multinational.
Kuehne + Nagel has clinched a major contract to manage GlaxoSmithKline’s UK road distribution of consumer and healthcare goods.