Kuehne + Nagel divests from major chunk of its UK contract logistics portfolio
Kuehne + Nagel to sell a major part of its UK contract logistics portfolio to XPO Logistics under a definitive agreement. The scope of the transaction includes the drinks logistics, food services and retail & technology businesses. These operations generated a turnover of approximately CHF 750 million (approximately 809 million USD) in 2019 and are supported by 7,500 employees.
Both parties have agreed not to disclose financial details. The transaction is subject to customary closing conditions including merger clearance by the competent competition authorities. The transaction is expected to close in the second half of the year.
Dr. Detlef Trefzger, CEO of Kuehne + Nagel International AG, commented: "One year ago, we first announced the strategic review of our contract logistics business to improve profitability and focus on our core, scalable solutions. We have now reached a major milestone in this effort, having secured an agreement to sell significant non-core assets in the UK. With XPO Logistics, we are pleased to have found a good new home for our customers and employees."
You may also like:-
Worldwide yield/rate has been stable for three weeks in a row (USD 2.83 per kg in week 38)
The remains were reinterred Sunday, September 13, in the Mesa Verde National Park in Colorado, with tribal leaders in attendance.
The shipment, which was the largest donation received from private industry, included 12,500 isolation gowns, 100,000 N95 masks and 400,000 surgical masks.
Otávio joined LATAM Airlines Group in 2015, initially working in cargo planning and commercial areas but since 2019, he was LATAM Cargo Brazil’s Operations vice president.
The large amount of high dense engineering goods, destined for Europe & North America, that made the difference on weight.
The CMA CGM Group investment will result from the combination of a subscription to a capital increase for an amount of 50 million euros and the acquisition of shares.
IATA’s director general and CEO Alexandre de Juniac said that when the AGM was postponed from June to November, they hoped that government restrictions on travel would be eased but that is now unlikely.
The addition of the five points will expand the Emirates' global network to 92 destinations, as the airline gradually resumes its operations while prioritising the safety of its customers, crew and the communities it serves around the world.
Edmonton International Airport (EIA) has partnered with GLC Medical, a subsidiary of Graphene Leaders Canada (GLC), to host clinical trials of a new technology for Covid-19 testing that can produce results in seconds.
While Astral Aviation will be a new Full Member, Bombelli Airport Equipment will come on board as an Associate Partner.
Continuing its technological investments, the software reduces the error rate at its business processes as well as the costs while improving the employee productivity among other aspects
SEOSAT-Ingenio is the first Spanish satellite with optical technology, developed primarily by the Spanish space industry led by Airbus in Spain as the prime contractor.
Weekly direct flights will depart from Shanghai (PVG) every Monday and from Amsterdam (AMS) each Sunday to service for a post-COVID resurgence in demand during what is traditionally a fourth quarter peak season.