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 […]
Gefco UK more than doubled its pre-tax profits last year, despite Covid-19 hitting demand for vehicles and storage and knocking £35m off its turnover.
Owens (Road Services) said investment in its depot network and a focus on steel transportation, helped boost its turnover and profit in its most recent financial year.
A combination of improved productivity and reconfigured warehousing space helped Fowler Welch improve its profit margin in the six months ending 30 September. While parent Dart Group did not break down the profit performance of its transport and distribution arm, it did reveal that turnover for the period rose 8% year-on-year to £80.3m (2011 H1: £74.2m). MD Nick Hay said: “Our operating margins are better than for the first half year of 2011/12 due to further revenue growth, improved fleet […]