Ministry of Defence contract boosts Kuehne + Nagel


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 […]