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 […]
Price increases and a rise in parcel volumes have contributed to Royal Mail Group’s continuing rise in annual profit and turnover, the firm said today.
Yodel’s annual loss increased by nearly half, its latest financial accounts reveal, despite a change in senior management and the firm’s extensive remodelling of its network.
Kuehne + Nagel is to open a 195,000 ft² warehouse near Castle Donington in the East Midlands.