Great Bear Distribution has appointed former Kuehne + Nagel senior vice-president for contract logistics, Glenn Lindfield, as chief executive. Lindfield, who will step down from his role as senior vice president for contract logistics for K+N North West Europe, will take on his new position from 1 February. He will take over management responsibility from the Chester-based 3PL’s founders, David Williams and Colin McDavid, who will continue to be involved in business strategy. Lindfield said: “I am delighted to have […]
Profit fell at Kuehne + Nagel’s road and rail logistics division in the first half of 2013, compared to the same period in 2012, although it predicted a stronger second half-year performance.
Great Bear Distribution has said a large new DC it is to set up at Markham Vale, Chesterfield, will create a “significant” number of new jobs.
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, […]