Kuehne + Nagel group chief executive Reinhard Lange is to step down in May. The news came as the firm reported a dip in European EBITDA and turnover due to intense margin pressure. Although his replacement has not yet been found, a management team under K+N International chairman Karl Gernandt will take over Lange’s responsibilities from 7 May. Lange, who is stepping down for health reasons, will then continue in a consultancy role until his contract is terminated on 31 […]
Hermes Parcelnet pays its suppliers more quickly than any other company in the Motor Transport Top 100 top 10, an MT analysis has found.
Adjusted EBITDA at Ceva Logistics doubled to $80m (£51.6m) during the second quarter of 2013 as it continues to restructure its balance sheet and experience more growth in the UK.
DSV has blamed a first quarter dip in turnover and EBITDA in its road division on “fierce competition” and a reduction in average consignment size.