Menzies Distribution has secured a new £14m term loan with Royal Bank of Scotland. Together with existing cash funds, the loan has enabled the company to refinance its recent short-term debt, used to fund the acquisition of Bibby Distribution in December 2020. It will also provide additional funding to support the future growth of the business. “This strategic refinancing is an important step in creating a strong and cost-effective capital structure, ready to support the exciting growth and investment opportunities […]
Kuehne + Nagel’s road and rail logistics division saw volumes fall in the third quarter due to seasonality and the tough economic conditions affecting Europe, dragging down its nine month performance. It meant EBITDA was 9.6% down on the same period of last year for the first nine months of 2012 at CHF 28m (£18.7m). Despite this, invoiced turnover increased 6.9% to CHF 235m. EBITDA within its contract logistics division in the nine-month period was flat year-on-year at CHF 115m, […]
DHL’s retail logistics arm DHL Supply Chain posted a rise in both turnover and pre-tax profit last year, while sister companies DHL Tradeteam and DHL Express (UK) saw declines.
The commercial vehicle finance sector saw new business leap by 140% in April compared with the same month in 2020, according to the FLA.