Kuehne + Nagel continued to improve on its results in 2019 and said it was looking ahead with confidence, despite the “unknown scope” of the Coronavirus. The global 3PL increased net turnover in the 2019 business year by 1.5% to 21.1bn CHF, with gross profit up 3.5% to 8bn CHF (£6.4bn). Profits were up across its main divisions, with overland gross profit increasing by 3% to 1.1bn CHF (£884.2m) and turnover rising by 1.7% to 3.6bn CHF (£2.9bn). Net turnover […]
The RHA has welcomed the government’s decision to investigate the pre-pack administration process after the Insolvency Service announced a review that aims to make the procedure more transparent for creditors.
Kuehne + Nagel’s acquisition of international groupage specialist RH Freight in March last year caught many in the industry – including Motor Transport it has to be said – by surprise. But it was all part of the Swiss-owned global logistics business’ long term strategy, as Glenn Lindfield, KN’s senior vice president for contract logistics in North West Europe, tells Steve Hobson Unlike some other logistics firms who spend big money promoting their brands, family-owned Swiss logistics giant Kuehne + […]
Volvo is offering hauliers the opportunity to defer fees for the first three months and take an annual two-month payment holiday in an effort to help them keep fleets rolling.