Bibby Distribution Services (Holdings) slipped into the red to the tune of almost £4m in the year to 31 December 2012, compared with a £4.5m operating profit the previous year. This was the result of a £7.5m loss at its subsidiary System Training. Bibby Distribution chief executive Iain Speak said the distribution business made a “reasonable” profit considering it was still incurring restructuring costs after a series of acquisitions in the past three years. Speak said action had been taken […]
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.
Kuehne + Nagel last year boosted both profit and turnover, globally and in Europe, through a combination of winning new business and restructuring.
Adjusted EBITDA at Ceva Logistics doubled to $80m (£51.6m) during the second quarter of 2013 as it continues to restructure its balance sheet and experience more growth in the UK.