Fred Sherwood & Sons (Transport) saw pre-tax profit fall 18% last year with turnover also declining by 5% in the period. Reporting its annual accounts for the year ended 31 March 2016, the company revealed that pre-tax profit had dropped to £1.3m (2015: £1.6m) while turnover had fallen to £36.7m on the previous year’s figure of £38.6m. Despite the fall in pre-tax profit and turnover, the directors’ report remained upbeat, stating that the firm had “traded successfully” in the period […]
Rising driver wages and greater use of agency staff to combat recruitment difficulties contributed to a second year of reduced profit for Felixstowe-based container haulier James Kemball.
Operators and logistics firms were poorly represented in the 2012 Sunday Times Rich List, published yesterday. The Barclay brothers, Sir David and Sir Frederick, owners of parcel giant Yodel, remain the richest men involved in road transport with a fortune of £2.2bn. Alastair Salvesen and family are second. The former owners of Christian Salvasen, which was sold to Norbert Dentressangle for £254m in 2007, are worth £1.3bn. Also making the list are Dawsongroup owners Peter Dawson and family. The truck […]
RT Keedwell Holdings is looking to expand in the South East after pre-tax profit jumped by more than a quarter in 2015 boosted by a strong performance from its regional operations.