Knights of Old remains on the hunt for more acquisitions after turnover jumped during the first full year of trading following its integration of the Mainland Group. In its financial statement for the year ending 31 May 2013, Knights revealed a 38% increase in turnover to £44.3m (2012: £32.1m), which the directors said mainly reflected its merger with Northampton-based operator in December 2011. Pre-tax profit, however, fell by 37% to £1.6m, down from £2.7m in the previous year. The directors […]
Currie European’s MD said it had been focusing on customer and route profitability during 2016, in order to mitigate limited success in increasing its rates.
Major management restructuring in the face of declining revenues at the UK International division of TNT Express has also seen ‘a handful’ of top executives made redundant, Motortransport.co.uk has learnt.
Northamptonshire-based Knights of Old has taken delivery of two new Palletforce-branded longer semi-trailers. Both are already in action – one based at its Kettering headquarters and the other at its Hitchin site. The 15.65m long double-deck trailers are part of an order for nine longer semi-trailers in total, all being supplied by SDC Trailers. The remaining seven, at least five of which will also be double-deckers, will be used in general operations in Knights of Old livery. Two of the […]