Controlled temperature specialist Nagel Langdons increased turnover by almost 15% to £85m in the year ending 31 December 2013. The company also reported a 55% rise in pre-tax profit to £4.43m during the period, up from £2.85m in 2012. MD Arran Osman said the figures reflected a “continuation of natural growth” within its core market, but also that consolidation leading to fewer players had also played a part. He said Nagel Langdons, which changed its name from Langdon Industries in […]
JSC Russian Railways (RZD), is in talks to buy 75% of Gefco, the logistics arm of cash-strapped car maker PSA Peugeot Citroën for €800m (£640m). PSA Peugeot Citroën said the proposed deal should speed Gefco’s growth by creating a business with enhanced reach in logistics services linking Europe and Asia. The existing management team, led by its president Luc Nadal, will not change, it added. Vitaly Belskiy, from consultancy Frost & Sullivan, said: “The deal is a clear ‘win-win’ for […]
The RHA is growing more optimistic that the government will provide extra support for the road transport industry after weeks of “frustrating” discussions with roads minister Baroness Vere.
Kuehne + Nagel Group is to sell a major part of its UK contract logistics portfolio to XPO Logistics.