Brexit has boosted profits for Xpediator in the first five months of this year, the group has announced, ahead of its AGM today (8 June). In a trading statement, the freight management specialist said revenues were boosted by the service it offers to operators, helping them navigate new paperwork created by additional customs control processes. This offset the fall the group saw in cross channel freight forwarding volumes, following the UK’s exit from the European Union in January this year, […]
Kuehne + Nagel is transforming its Manchester DC, introducing dual fuel vehicles and cutting trunk miles since winning more business from hotel and restaurant group Whitbread.
The disused port of Stranraer in Scotland will be used as a lorry park for up to 300 HGVs in order to mitigate the “significant economic shock” brought about by a no-deal Brexit.
TNT Express saw a 13% drop in EMEA operating profit in the third quarter, despite a 3,2% turnover rise, due to “challenging trading conditions in Europe”. The parcel firm, which last week received a statement of objections from the European Commission ahead of its acquisition by UPS, did not perform as well in its EMEA operations as it had during the same period in 2011, its Q3 trading results revealed. Reported operating profit margins fell from 6.4% in Q3 2011 […]