Kuehne + Nagel says it is back on track after a weak start to the first six months of trading this financial year. Citing muted consumption and increased market volatility throughout the world, the Swiss logistics giant saw turnover increase just 2.8% to CHF10bn (£6.5bn) for the six months ending 30 June (2011: CHF9.78bn). Globally, EBITDA was down from CHF502m in the same period a year ago, to CHF389m. Its road and rail division reports that its groupage, full and […]
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 […]
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 (K+N) has had its contract with aircraft manufacturer Airbus extended until 2016.