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, […]
Waitrose plans to transfer operations covered by a Kuehne + Nagel operated regional DC to its first national distribution centre (NDC).
TNT Express saw a 13% drop in EMEA operating profit in the third quarter, despite a 3,2% turnover rise, due to “challenging trading conditions in Europe”. The parcel firm, which last week received a statement of objections from the European Commission ahead of its acquisition by UPS, did not perform as well in its EMEA operations as it had during the same period in 2011, its Q3 trading results revealed. Reported operating profit margins fell from 6.4% in Q3 2011 […]
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 […]