Kuehne + Nagel is to open a 195,000 ft² warehouse near Castle Donington in the East Midlands. The company has signed a 15-year lease on the facility, which is being constructed on 17.6 acres at Segro Logistics Park East Midlands Gateway, and is due to open in March 2019. Three existing facilities, including one at Minworth, will be merged into the new operation which will serve Kuehne + Nagel’s overland business. Jim Hedderwick, overland director for Kuehne + Nagel UK […]
Kuehne + Nagel shrugs off HMRC investigation into £17m corporation tax saving from network fee charges
A network fee charge which has saved Kuehne + Nagel Limited over £17m in corporation tax over six years is under investigation by HMRC, according to the company’s latest annual results.
Kuehne + Nagel felt the benefit of its acquisition of RH Freight last year as turnover in its road and rail division rose 18% during the first quarter of 2012. The logistics giant says that it made “good progress” in its European road freight operations with volumes up in its groupage and full and part loads businesses. EBITDA increased 7.7% in Q1, equating to a profit margin of 1.9% – “stable” year-on-year, according to the firm. Overall, including K+N air […]
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.