Kuehne + Nagel Group is to sell a major part of its UK contract logistics portfolio to XPO Logistics. The transaction, which follows a major review of its contract logistics business, includes the drinks logistics, food services and retail and technology divisions. These parts of the overall operation generated a turnover of approximately £617m in 2019 and employ 7,500 staff. Detlef Trefzger, chief executive of Kuehne + Nagel International, said: “One year ago, we first announced the strategic review of […]
Eddie Stobart Logistics has seen its push around manufacturing, industrial and bulk (MIB) pay off handsomely, with the segment now its biggest turnover contributor, the firm said today (10 April).
Premier Logistics (UK) was loss-making in the eight months to 31 December 2017 newly published accounts from the embattled group reveal.
The price of fuel has little effect on the profitability of logistics companies and isn’t the primary cause of failures in the industry, the Motor Transport Directors’ Club was told last month.