The driver shortage becoming more acute drove CM Downton’s profit down in the 2016/17 financial year, and the operator said it’s having its “most difficult commercial conversations” with clients to date as it moves to increase fees. MD Andy Downton told MT that its 9% pre-tax profit drop to £5.1m in the year ended 30 June 2017 was “symptomatic of increased driver costs and increased agency costs” but that the business had the situation in hand. He said: “The driver […]
Howard Tenens has bought a South Wales DC from Tesco, in anticipation that the removal of the Severn Crossing tolls will boost the region’s economy. The acquisition of the 282,297ft² site in Chepstow is the Howard Tenens’s largest property purchase to date, and its first in Wales. It bought the site for an undisclosed sum… […]
Palletforce and NFT Distribution owner EmergeVest has bought CM Downton for £75m.
CM Downton has won a £15m contract from Bibby Distribution, transporting goods for insulation manufacturer Isover UK.