Two major business wins helped turnover at Norfolk haulier Jack Richards & Son increase by 13% last year. MD Peter Brown told Motortransport.co.uk that an increase in business and an improved economic outlook helped turnover at the company rise from £29.7m to £33.8m in the year to 31 May 2014. Documents filed at Companies House also revealed an 18% increase in pre-tax profit to £814,620 (2012/13: £687,377). Its margin, however, remained flat at 2.4%. “We had two big contract wins […]
Union Unite remains optimistic that most of the jobs under threat as a result of a restructure at TNT Fashion Group UK can be saved, regional officer Nick Halton told Motortransport.co.uk after an initial consultation meeting with the company.
Expect Distribution has blamed a fall in profit on its loss-making two-man delivery service, which ceased operating in May last year, but said that new deals in its contract logistics business will get it back on track.
Palletways Group has been bought by South-African group Imperial Holdings in a transaction worth £163m.