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 […]
Stobart Group has reported a busy Christmas in its transport and distribution businesses, as EBIT (earnings before interest and tax) for the final four months of 2013 grew.
Irvine, North Ayrshire-based Maxi Haulage has seen an increase in both turnover and pre-tax profit as business continues to grow.
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 […]