L4 Logistics | Transport Shipping and Logistics News

The earlier target ‘is excluding the impact of the ACR acquisition, which will bring in an additional 2 billion francs (S$2.5 billion) of revenue’, Mr van Kesteren said in an interview in Bad Ragaz, Switzerland.Kuehne & Nagel bought ACR as part of chief executive Klaus Herms’s effort to triple sales from contract logistics within three to five years.Shipping companies including Kuehne & Nagel and Deutsche Post, which agreed to buy Exel plc, are benefiting from world trade volume that the International Monetary Fund estimates will grow by 7.6 per cent in 2006.Kuehne & Nagel may consider making smaller acquisitions in 2006 while it works to integrate ACR, Mr van Kesteren said.He said the company would weigh buying businesses to expand its European road shipping operation, perhaps in Belgium, the Netherlands, Luxembourg, Italy, France or the UK.Source: The Business Times