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 […]
Lenham Storage walked away from nonviable business last year rather than compromise its service standards, but the operator’s MD has warned that there has been no let-up in rate pressure since.
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 […]