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 […]
Kerry Logistics increased its pre-tax profit by more than 70% in 2020, despite a “very challenging and turbulent year”.
Culina Group chief executive Thomas van Mourik (pictured) has slammed the government’s handling of Brexit, insisting the movement of goods between the UK and Ireland remains “a big bloody mess” that has cost operators “a boatload of money”.
Wincanton will be back in the black this financial year as the group’s extensive restructuring and disposals programme bears fruit. Wincanton chief executive Eric Born tells MT: “When [we] started this programme we said it would take two years to arrest the decline. We are bang on track. It’s absolutely what I’m expecting.” A year of restructuring and disposals saw it sell its European operations to focus on the UK and Ireland, dispose of its 20% shareholding in Culina Logistics […]