Adverse weather conditions hit volumes in Kuehne + Nagel’s road and rail logistics division, which saw an 85% drop in first quarter EBITDA. The firm’s Q1 results revealed that invoiced turnover for the division dipped slightly to CHF 737m (£517m) from CHF 744m in Q1 2012, as volumes were hit by poor weather conditions and a “difficult” economic situation in Europe. Declines in groupage volumes also contributed to a fall in first quarter EBITDA, which dropped to CHF 2m (Q1 […]
Kuehne + Nagel UK managing director Marcus Bennett oversaw a 43.5% jump in profitability at the 3PL during his first full year in charge of the British arm of the Swiss multinational.
Leeds-based Groupe Samat UK pulled itself out of the red last year, company results for the year to 31 December 2012 have revealed.
Pre-tax profit at Fowler Welch rose 12.8% last year, as a result of improved vehicle efficiency, new business wins and volume growth from existing customers.