Kuehne + Nagel said that the performance of its contract logistics division “continues to be impressive” after a “game-changing” contract with the Ministry of Defence saw turnover rise 33% year-on-year. According to its most-recent filing at Companies House, turnover at K+N’s contract logistics division rose from £389m to £516.7m for the year-ending 31 December 2016. The strategic report within the filings states: “The UK market is an extremely competitive one and margins are always very tight, especially in the current […]
The Ministry of Defence (MoD) has awarded a four year vehicle supply and maintenance contract to Ryder, worth €30m (£25.4m).
Kuehne + Nagel says it is on track to reach its goals for profitable growth, despite a slip in turnover and EBITDA in its road and rail business.
Kuehne + Nagel (K+N) is to invest £5m in multi-temperature distribution centres and a fleet of 60 vehicles for a long term new food service customer, Spirit Pub Company. K+N sees food service as a significant growth market, already representing £50m of its UK contract logistics business, much of it with Whitbread, where volumes have grown 50% to 31m cases a year since 2008. Spirit demerged in September 2011 from Punch Taverns, and is one of the UK’s leading pub […]