Clipper Logistics almost broke the £200m turnover barrier in its most recent results, covering the six months ended 31 October. The retail logistics specialist grew turnover by 21% year-on-year to £199.7m (2016: £164.9m). Clipper’s pre-tax profit also grew in the six months, rising 15.6% to £7.9m (2016: £6.9m). The operator said some of the extra turnover had come from the acquisitions of Tesam Distribution and RepairTech, which completed during the period and were “immediately earnings enhancing”. Clipper also launched new […]
UK Mail has conceded that its pallet business suffered a tough year in the twelve months to 31 March 2013.
International Swiss-based freight and logistics business Kuehne + Nagel reaped the benefits of its long term growth strategy with record results in the 12 months to 31 December 2011. Globally, K+N saw net profit rise to CHF606m (£421m) on turnover of CHF19.6bn (£13.6bn), increases of 12.2% and 9% respectively after the effect of the strong appreciation of the Swiss franc against K+N’s major trading currencies was stripped out, according to Tim Scharwath, vice-president for global air logistics. In K+N’s four […]