Roadways Container Logistics has returned to profit despite a fall in turnover and a warning that rates in the market remain depressed. For the year ended 31 December 2011, Roadways achieved a pre-tax profit of £319,000, compared with a pre-tax loss of £697,000 in the previous year. Turnover, however, fell to £43m, from £49.3m in 2010; gross margins also rose from 11% to 15%. At the same time it took a £296,000 hit on restructuring charges, investing in IT and […]
Pressure on rates has led to Felixstowe-based container specialist Macintyre Transport reporting a 9% fall in pre-tax profit despite a near 11% rise in turnover. Turnover in the year to 30 April 2012 rose from £19.3m to £21.4m due to organic growth, said chairman Harvey Macintyre; pre-tax profit, however, fell from £895,000 to £813,000. Much of the profit slide was attributable to stagnant rates, said Macintyre. “We have been very proactive in taking costs out of the business since 2008, […]
The chairman of Elite Transport Services has said he has a “very strong desire” to turn the business around, after creditors voted to back a company voluntary arrangement (CVA) at the container haulier.
Wincanton has secured a multi-million pound extension on its contract with B&Q, taking on management of an additional warehouse. The firm will manage B&Q’s one million ft² showroom fulfilment centre in Burton-on-Trent, which provides warehousing for the retailer’s bathroom, bedroom and kitchen range. Under this new agreement, it is estimated that Wincanton will handle nine million cases of merchandise per year. “We are delighted to be extending our long term relationship with B&Q, which further demonstrates our ability to support […]