Kuehne + Nagel UK managing director Marcus Bennett oversaw a 43.5% jump in profitability at the 3PL during his first full year in charge of the British arm of the Swiss multinational. UK-derived turnover at Kuehne + Nagel (K+N) rose to £1.16bn in the year-ending 31 December 2014, according to Companies House filings, up from £1.11bn in the previous year. Pre-tax profit increased by 43.5% to £35.3m, compared to £24.6m in 2013. Contract Logistics Its contract logistics division saw a […]
Unite “surprised” by XPO takeover of Kuehne + Nagel UK logistics portfolio and demands workers’ pay and conditions are unaffected
The transfer of 6,000 Kuehne + Nagel workers to XPO Logistics came as a surprise to the Unite union, but it said it would work to ensure their pay and conditions remained unaffected.
Coca-Cola Enterprises (CCE) has axed its direct-to-store delivery operation, as it looks for a more efficient way to distribute its products.
Kuehne + Nagel felt the benefit of its acquisition of RH Freight last year as turnover in its road and rail division rose 18% during the first quarter of 2012. The logistics giant says that it made “good progress” in its European road freight operations with volumes up in its groupage and full and part loads businesses. EBITDA increased 7.7% in Q1, equating to a profit margin of 1.9% – “stable” year-on-year, according to the firm. Overall, including K+N air […]