1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156 
Global slump hits Norbert's transport sates revamp
Page 9
If you've noticed an error in this article please click here to report it so we can fix it.
THE GLOBAL economic slowdown has affected Norbert Dentressangle's plans to overhaul its UK transport arm, and will also hamper its efforts to improve the former Christian Salvesen business it purchased last year.
Despite this, the French logistics group posted a growth in sales of 81% for the first nine months of 2008, which does include the Salvesen acquisition. Sales in its transport division grew by 63% overall, but at a slower pace since June.
The firm says this is down to "the decision to reduce its vehicle fleet ahead of a slowdown in economic activity". The group's sell-off of four logistics sites in the third quarter helped it to wipe off €4.5m (i35.6m) of net debt by raising approximately €20m.
It says the strategy will enable it to "achieve higher flexibility and leaner operations" and is in line with its focus on operating leased warehouses.