Tuesday, October 11, 2011

Freight and Logistics Hub Changes Hands

K + N Take the Middle Ground
Shipping News Feature

GERMANY - In line with Kuehne + Nagel’s strategy to further expand its European overland network and to establish a European hub & spoke system, the company has entered into an agreement to acquire Carl Drude GmbH & Co. KG, located in Hauneck, Bad Hersfeld for an undisclosed sum. Drude, established in 1894, operates a freight and logistics centre specialising in hub operations for international groupage networks.

The Hauneck facility, situated in the geographical centre of the country, is a 7,200 square metre transhipment terminal with 105 loading bays. 150 employees provide hub services and ensure high quality and security levels. In addition, the company has around 11,500 square metre of warehouse space under its management. The agreement is subject to approval of the antitrust authorities. Dirk Reich, Executive Vice President, Kuehne + Nagel International AG, responsible for Road & Rail Logistics commented:

“Through the acquisition of Drude Logistik we get access to a highly capable hub operation for our international groupage activities. Drude Logistik fully meets our requirements regarding expertise, geographical position and infrastructure. Acting as our new Eurohub, it enables us to increase the number of departures, reduce lead times and achieve a better capacity utilisation due to a consistent consolidation and overnight transhipment operations. The new routings via the Eurohub will not be finalised until mid 2012”.

In Germany, Kuehne + Nagel will continue to partner with the German groupage network IDS, covering 11 of its franchise areas, the national IDS hub is located in Neuenstein-Aua.