Kuehne+Nagel’s sale of UK division to XPO depresses group turnover


 

Kuehne+Nagel’s decision to sell a major part of its UK business last year resulted in a 9.3% fall in turnover in its international contract logistics division in the first quarter of 2021, the group reported this week. The results also revealed that when the division was sold to XPO in March last year it had made a loss of £3.9m in the first three months of 2020. The sale, which followed a major review of its contract logistics business, included […]