Hargreaves Services’ logistics division has felt the impact of Brexit, after a UK port delayed a £7m earthworks project in light of the EU referendum result. In a trading update the company warned that its transport and earthworks divisions are at risk due to their exposure to the construction sector and to public sector projects, many of which could be delayed due to the economic uncertainty caused by Brexit. The trading update stated: “On a negative note the group has been […]
Despite the continuing uncertainty over the UK economy and the future of foreign drivers post-Brexit, confidence amongst UK’s logistics businesses has risen from the historic low registered in the first half of 2016, according to a new survey. Although the latest UK Logistics Confidence Index from Barclays and Moore Stephens, remained depressed at 53 in the second half of 2016, compared with the high point two years ago of 71.4, it is at least up from the 51.8 low seen […]
Clipper Logistics almost broke the £200m turnover barrier in its most recent results, covering the six months ended 31 October.
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 […]