DX Group delivered an improved performance in the second half of its trading year, but this wasn’t enough to offset the damage done earlier on, the operator said today. In the company’s preliminary results for the year ended 30 June 2016, DX Group CEO Petar Cvetkovic described a “challenging year”, which saw the operator hit by £92.1m of exceptional items, resulting in a pre-tax loss of £82.7m (2015: £24.8m profit). The exceptional items included a one-off goodwill impairment of £88.4m […]
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.
Lenham Storage walked away from nonviable business last year rather than compromise its service standards, but the operator’s MD has warned that there has been no let-up in rate pressure since.
UK Pallets, the pallet network owned by UK Mail Group, was rocked by a 64% collapse in year-on-year profits in the year to 31 March, its parent company has revealed.