Hargreaves Services is to “ration” expenditure in its logistics division after it suffered a 91% fall in operating profit last year due to competitive pressure. Operating profit plunged from £1.2m to £100,000 in the year to 31 May 2017, as turnover dropped 11% to £48m (2016: £54.4m). It said this reflected its transition from a focus on coal movements to more diverse volumes in the waste, construction and biomass sectors, as well as pressure on subcontractor margins. Hargreaves said the […]
Pall-Ex UK saw its pre-tax profit jump more than 200% in 2016 after results from its management restructure and growing membership began to take hold.
Scottish multimodal operator John G Russell boosted pre-tax profit by 8% last year despite suffering from floods, sluggish rates and disruption on cross-channel routes.
Circle Express has continued to trade successfully under a Company Voluntary Arrangement (CVA), achieving its second consecutive profitable year.