Bridgend, South Wales-based John Raymond Transport saw an increase in both turnover and pre-tax profit last year. Its annual accounts for the year ended 30 September 2013, published to Companies House, showed a 35% increase in pre-tax profit to £56,000, up from £41,752 in 2012. Turnover at the company, which is part of the Harlequin Logistics consortium (pictured), increased slightly from £19.8m to £20.2m in the same period, despite what the directors described as a “challenging” economic climate. “However the […]
TNT Express saw a 13% drop in EMEA operating profit in the third quarter, despite a 3,2% turnover rise, due to “challenging trading conditions in Europe”. The parcel firm, which last week received a statement of objections from the European Commission ahead of its acquisition by UPS, did not perform as well in its EMEA operations as it had during the same period in 2011, its Q3 trading results revealed. Reported operating profit margins fell from 6.4% in Q3 2011 […]
The future of Hellmann Worldwide Logistics rests on the success of a major refinancing deal being negotiated by its German parent company, the 3PL’s auditor KPMG has warned.
Adjusted EBITDA at Ceva Logistics doubled to $80m (£51.6m) during the second quarter of 2013 as it continues to restructure its balance sheet and experience more growth in the UK.