Kuehne + Nagel says it is on track to reach its goals for profitable growth, despite a slip in turnover and EBITDA in its road and rail business. Turnover in the division fell 2.5% to CHF2.28bn (£1.5bn) for the nine months ended 30 September 2013, compared to CHF2.34bn (£1.6bn) during the same period last year, its Q3 results have revealed. EBITDA also dropped 21% to CHF22m (£15m), compared to CHF28m (£19m) last year. K+N said the division has been focused […]
Panther Logistics has won a contract with pet supplies retailer Pets at Home which sees the white glove delivery specialist becomes its two-man delivery partner.
International Swiss-based freight and logistics business Kuehne + Nagel reaped the benefits of its long term growth strategy with record results in the 12 months to 31 December 2011. Globally, K+N saw net profit rise to CHF606m (£421m) on turnover of CHF19.6bn (£13.6bn), increases of 12.2% and 9% respectively after the effect of the strong appreciation of the Swiss franc against K+N’s major trading currencies was stripped out, according to Tim Scharwath, vice-president for global air logistics. In K+N’s four […]
Kuehne + Nagel is closing down its Birmingham and Nottingham depots and transferring 270 staff to East Midlands Gateway (EMG) as it gears up to reach full operational capacity at the new hub within weeks.