The acquisition of Framptons Transport Services by Gregory Distribution (Holdings) boosted the latter’s pre-tax profit by 25% in 2015. The group’s annual accounts for the year to 3 October 2015 show pre-tax profit rose to £6.1m from £4.9m in the previous year. Turnover increased by 13% from £146.3 to £165.3m in the period. Gregory Distribution, which has its headquarters in North Tawton in Devon, said as well as the boost from the purchase of Shepton Mallet-based Framptons, which contributed £781,000 […]
Hargreaves Services’ logistics division has felt the impact of Brexit, after a UK port delayed a £7m earthworks project in light of the EU referendum result.
Irvine, North Ayrshire-based Maxi Haulage has seen an increase in both turnover and pre-tax profit as business continues to grow.
Glasgow haulier John G Russell (Transport) has warned the distribution sector of a “difficult” 12 months ahead as costs keep rising while rates and profit margins continue to stagnate. Alan Poulton, chief executive, logistics at the group, told MT the firm was finding it increasingly difficult to squeeze further efficiencies out of its operation and said that, in terms of rates: “We are not getting, and have not got for some time now, an increase that reflects the quality and […]