The UK’s 100 largest operators are more profitable than they were last year and employ more people, according to the Motor Transport Top 100 2015, in association with SDC. Average turnover for the Top 100 is £283.7m, up year-on-year from £272.9m; average pre-tax profit is £11.2m, up year-on-year from £9.5m and the average number of employees is 3,316, up from 3,284. The MT Top 100 is worth £28.3bn to the UK economy, providing employment for an estimated 331,500 people, equivalent […]
Gist blamed one-off pension costs and retailers’ squeezing of supply chain providers for a 23% fall in pre-tax profit last year, but it still saw turnover rise by 7.2%. For the year ended 31 December 2011 pre-tax profit fell to just under £18.8m, from £24.5m the previous year. However, turnover rose 7.2% year-on-year from £379m to £406m. Gist chief executive Martin Gwynn told Motortransport.co.uk: “Business performance remains robust. Excluding the effect of the one-off pension charges, profit increased year-on-year despite […]
Profit margins continue to be held back by customers’ reluctance to increase rates, John G Russell (Transport) chief executive, logistics, Alan Poulton has warned.