Barloworld to merge automotive and logistics business as deals dry up
Non-renewals of contracts and the disposal of its multi-temperature foods storage and distribution business KLL weighed on its results to end-September
18 November 2019 - 09:57
Logistics and fleet management group Barloworld said on Monday it will merge its automotive and logistics businesses to save costs as it battles with lower trading activity.
Revenue and operating profit were hit in its year to end-September due to the closure of its logistics business KLL, with the company also experiencing lower trading activity, and non-renewal of contracts in late 2018...
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