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 said its transport and logistics operations are “well on course” both in terms of growth and profitability, after posting a 19% increase in first-half earnings.
The MT Top 100 largest operators in the UK run on an average margin of just 2.6%, and this comes after the industry became more profitable in 2012.
Hervé Montjotin, formerly chief executive of Norbert Dentressangle, has left his position as chief executive of XPO’s European business less than three months into his new role.