Bibby Distribution’s turn-around strategy has resulted in the MT Top 100 operator moving back into the black after a recent tough period. In the year to 31 December 2016, the firm made an operating profit of £2.3m, compared with an operating loss of £4.3m in 2015. This included an exceptional gain of £2.5m relating to a legal settlement regarding a historic contract. Without this, the company would have reported an operating loss of £211,000. Although turnover fell 12% to £187m […]
Bibby Distribution’s 18-month transformation strategy is finally coming to fruition, as the MT Top 100 operator turned a profit for the first time in two years. A complete review of the operation, from warehouse to board structure, has taken place, with the company aiming to go “back to basics”. This has seen the disposal of non-logistics divisions from the Bibby Supply Chain portfolio – training arm Systems Training in 2015, and agency business Direct Workforce at the end of 2016. “From […]
If Elon Musk can send a car into space on reusable rocket boosters, then surely a down-to-earth electric truck travelling 500 miles on a single charge isn’t beyond the capabilities of today’s engineers?
Bibby Distribution has inked an early renewal on its Ultraframe contract as part of its customer’s plans to expand its business.