Kuehne + Nagel has increased its profit margin by 12.3 per cent during the first half of 2008 despite the economic slowdown, but anticipates a slower growth rate for the second half of the year owing to the “unfavourable economic forecast”.
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International logistics forwarder Dachser is set to takeover German chilled goods forwarding company Tank group for an undisclosed sum after acquiring 100 per cent of its shares.
Tyre distributor ATS Euromaster is taking delivery of 150 light commercial vehicles from Mercedes, Iveco and Renault as part of its £4.5 million fleet replacement programme for 2008.
Standard Life and developer Canmoor have bought 5.2 acres of development land from drinks company Diageo in Park Royal for a high-quality industrial/warehouse scheme of two units totalling 150,000 sq ft, to be known as Thunder and Lightning.
Mercedes-Benz has secured a five-year lease at £4.50 per sq ft on Yorkstream Properties’ 105,000 sq ft MK1 warehouse on Denbigh Road, Bletchley, Milton Keynes.
Pallet Track has taken a five year lease, with the option of a further five years, on Titan 10, a new 267,290 sq ft warehouse on Millfields Road in Bilston.
Parcel delivery company City Link has taken a 10 year sub-lease on a 42,125 sq ft warehouse at Silverstone Drive, Gallagher Business Park in Coventry
Sheffield based timber merchant Arnold Laver has acquired CNC Investments’ 40,000 sq ft warehouse at 124 New Road, Rainham, Essex.
Grantham Book Services has moved its entire distribution and client services to a 350,000 sq ft distribution centre in Grantham previously occupied by TDG.
One third of UK businesses will focus on sustainability above all else over the next year, according to a study by Oracle.
