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. The division pulled back strongly in the second quarter from an 85% first-quarter drop in EBITDA caused by adverse weather. For the two quarters as a whole, the group said it increased full and part load volumes and kept gross profit in the division stable, although EBITDA for […]
Packaged chemicals logistics specialist HW Coates Holdings has played down a near 20% rise in pre-tax profit last year, describing it as “satisfactory”.
Kuehne + Nagel said that the performance of its contract logistics division “continues to be impressive” after a “game-changing” contract with the Ministry of Defence saw turnover rise 33% year-on-year.
Strong growth in its logistics division helped offset declining revenues from transport at Norbert Dentressangle last year, leaving the firm’s turnover almost 4% up with a fractional increase in profitability.