Gefco, the logistics arm of PSA Group, saw its global revenue rise 12.9% in 2011 as it prepares to embark on what it describes as a “decisive year” for the company. For 2011 Gefco reported global revenue of €3.8bn, compared to €3.4bn a year ago, and an operating income of €223m (2010: €198m). Excluding its PSA business, revenue was up 19.2% to €1.4bn. In January Gefco revealed new contract wins with Chevrolet and HPC Healthline. A statement from the firm […]
Eddie Stobart Logistics’ growth continued at a gallop in the first six months to 31 May 2018, driven by a mix of acquisitions, new contract wins and retained business.
Crewe, Cheshire-based Brit European Transport made a dramatic return to profit during 2011, recording a pre-tax profit of £334,000 compared to pre-tax loss of £453,000 the previous year. Turnover in the year to 31 December rose 20% from £20m to £24m, all but £2m of which was generated in the UK. The firm, which specialises in car, CV, plant and equipment and lift truck transport, as well as bulk tanker work, said there had been “stability and in some cases […]
TNT Express saw a 13% drop in EMEA operating profit in the third quarter, despite a 3,2% turnover rise, due to “challenging trading conditions in Europe”. The parcel firm, which last week received a statement of objections from the European Commission ahead of its acquisition by UPS, did not perform as well in its EMEA operations as it had during the same period in 2011, its Q3 trading results revealed. Reported operating profit margins fell from 6.4% in Q3 2011 […]