Kuehne + Nagel is closing down its Birmingham and Nottingham depots and transferring 270 staff to East Midlands Gateway (EMG) as it gears up to reach full operational capacity at the new hub within weeks. The new hub, which will house Overland, the logistics company’s road and rail division, includes 40,000sq ft of temperature controlled warehouse space dedicated to pharmaceutical products and a 155,000sq ft cross-dock area for general cargo. A spokeswoman for the company confirmed to motortransport.co.uk that, “we are […]
Kuehne + Nagel’s road and rail logistics division saw volumes fall in the third quarter due to seasonality and the tough economic conditions affecting Europe, dragging down its nine month performance. It meant EBITDA was 9.6% down on the same period of last year for the first nine months of 2012 at CHF 28m (£18.7m). Despite this, invoiced turnover increased 6.9% to CHF 235m. EBITDA within its contract logistics division in the nine-month period was flat year-on-year at CHF 115m, […]
Kuehne + Nagel (K+N) has had its contract with aircraft manufacturer Airbus extended until 2016.
Kuehne + Nagel says it is back on track after a weak start to the first six months of trading this financial year. Citing muted consumption and increased market volatility throughout the world, the Swiss logistics giant saw turnover increase just 2.8% to CHF10bn (£6.5bn) for the six months ending 30 June (2011: CHF9.78bn). Globally, EBITDA was down from CHF502m in the same period a year ago, to CHF389m. Its road and rail division reports that its groupage, full and […]