Poor exchange rates negated turnover growth in the UK division of XPO Logistics, according to the group’s 2016 figures. The former Norbert Dentressengle’s UK operation recorded turnover of €1.53m (£1.29m); a 1.7% drop compared to 2015’s €1.55m. However the group said that turnover in the UK had actually grown, and said at a constant exchange rate its turnover would be up 11%. Reporting to investors in the US, it noted that organic growth in XPO’s Logistics division had been offset […]
Norbert Dentressangle is to be acquired by US 3PL XPO Logistics for €3.24bn (£2.3bn) – in a deal that values ND at €2.17bn and incorporates €1.08bn of net debt – creating what both parties claim to be one of the top 10 logistics firms in the world.
The loss of customer Harvest Energy to Norbert Dentressangle in April 2014, after a competitive tender, has seen Suttons Group report £10.5m of discontinued activities in its UK road haulage business.
Supermarket chain Iceland has reduced its operational carbon footprint by nearly three quarters (74%) since 2011, ensuring it is well ahead of schedule to hit the government’s target of being carbon neutral by 2050.