KN sells UK contract logistics business

Kuehne + Nagel is to sell a major part of its UK contract logistics portfolio to XPO Logistics, including the drinks, food services and retail and technology businesses, for an undisclosed sum. The operations generated a turnover of CHF750 million (£615m) in 2019 and employ 7,500 people. The sale is part of a strategic review of the forwarding and logistics company’s contract logistics business to improve profitability and focus on ... [+]

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