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...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now