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, […]
NWF Group expects pre-tax profit for the six months ended 30 November to be greater than the same period in 2011, despite lower than expected performance in its food distribution arm. In its interim statement, the firm said its Boughey Distribution business performed “slightly behind expectations” as it did not take on as many new customers and receive as much business from existing customers as it expected, which it blamed on a “tough market environment”. NWF Fuels performed better than […]
A Telford-based haulage firm has entered liquidation three months after it had its operator licence revoked at a public inquiry.
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 […]