Challenging market conditions in the UK and Europe combined with the loss of a major fashion contract saw pre-tax losses widen and turnover fall at TNT UK last year. Its annual results for the year to 31 December 2014 showed a 2.4% drop in turn-over to £725m last year (2013: £742m). Pre-tax losses increased almost threefold to £18.6m (2013: £6.4m). The directors’ report attributed declines to depot changes as well as major roadworks close to its sorting hubs, which it […]
Food distribution specialist Fowler Welch more than doubled its operating profit in the first half of the current financial year, its interim report shows.
Pall-Ex has said it is “saddened” by the UK’s decision to leave the European Union and reiterated its warning that the forthcoming Brexit will “deeply” affect the supply chain.
Parcel carrier Worldwide Logistics and Distribution (WWLD) has acquired two-man delivery firm HTH Logistics, which trades as Home Direct Logistics.