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 […]
Kuehne + Nagel says it is back on track after a weak start to the first six months of trading this financial year. Citing muted consumption and increased market volatility throughout the world, the Swiss logistics giant saw turnover increase just 2.8% to CHF10bn (£6.5bn) for the six months ending 30 June (2011: CHF9.78bn). Globally, EBITDA was down from CHF502m in the same period a year ago, to CHF389m. Its road and rail division reports that its groupage, full and […]
Wincanton has won a contract extension with Waitrose for storage and distribution of wines and spirits to 357 UK outlets, which include supermarkets, motorway service stations, Ocado and Waitrose Cellar sites.
Wholesale drinks distributor Waverley TBS is being wound-up by its administrators after they failed to find a buyer for the business. The company, which has two large DCs at Punchbowl Park in Hemel Hempstead and Felling, near Gateshead, as well as smaller deports across the UK, was licensed to run more than 300 vehicles. These were operated via a combination of own-account and third party providers. As a consequence of the failure to find an outright buyer, 685 Waverley employees […]