Temperature controlled supply chain specialist Nagel Langdons saw its turnover increase by 11% year-on-year, but its margins contract slightly as it sought to maintain service levels for customers. For the year-ending 31 December 2014 turnover rose at the MT Top 100 firm to £94.2m, compared to £85m in the previous year. Pre-tax profit, however, fell slightly to £4.2m from £4.4m in 2013. It follows a 15% rise in turnover between financial years 2012 and 2013, and a 55% rise in […]
Competition for HGV drivers is pushing wages up and heaping pressure on operators, warns Meachers Global
Rising driver wages look set to exacerbate the current squeeze in labour supply, Meachers Global Logistics MD Stuart Terris has warned. Commenting on the financial performance of the firm in the year to 31 May – which notched up a 25% increase in turnover with a 67% rise in pre-tax profit – Terris pointed to the ongoing driver shortage and fuel price volatility as the two main operational headwinds facing the company. On the former, he said: “We’re on top […]
A property revaluation was responsible for scuppering the bottom line at Bradford-based Expect Distribution in the year to the end of November 2012. It was enough to turn the previous year’s profit before tax of £432,500 into a loss of more than £943,700, despite a 14% rise in turnover from £15.8m to £18.1m.
UK Mail has said that it saw a 6% increase in turnover in the first quarter of the year, with a strong performance across its parcels and mail divisions as well as an increase in its UK Pallets division.