Owens has returned to profit after three consecutive years of losses, its latest financial results have revealed. The Welsh firm posted a pre-tax profit of £706,782 for the year ended 30 June 2012, up from a loss of £12,562 at the end of the previous year. Its pre-tax profit margin also rose to 1.9%, while turn-over jumped 11.9% to £36.7m (2011: £32.8m). 2012 was the first year since 2009 that the firm posted a pre-tax profit, after seeing losses of […]
DX Group saw turnover slip during the first half of its financial year as it continued with its strategy of ending commercially unattractive contracts that were inherited with its acquisition of the former Nightfreight business.
A combination of winning and retaining business and improving efficiency helped turnover and pre-tax profit at Wincanton grow in the first half of this year.
Glasgow haulier John G Russell (Transport) has warned the distribution sector of a “difficult” 12 months ahead as costs keep rising while rates and profit margins continue to stagnate. Alan Poulton, chief executive, logistics at the group, told MT the firm was finding it increasingly difficult to squeeze further efficiencies out of its operation and said that, in terms of rates: “We are not getting, and have not got for some time now, an increase that reflects the quality and […]