UK Mail Group’s depot closure programme will cost it approximately £2m as it looks to continue to cut costs. In a pre-close trading update for the year ended 31 March, UK Mail says the closure of four depots in the past 12 months will leave it with a low-cost and integrated network. It is left with a network of 50 depots as a result. The parcels giant also reveals a Q4 revenue increase of 14% year-on-year. However, when adjusting for […]
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 […]
The loss of a major customer at the end of 2016, alongside increasing costs for drivers’ wages and fuel inflation, saw Foulger Transport head into the red in 2017.