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 […]
Marks & Spencer has reported significantly reduced lead times and shipping costs in the last year after adopting a new optimisation system from EV Cargo Technology.
Elite Transport Services has filed a proposal for a company voluntary arrangement (CVA) with Manchester County Court, ahead of a creditors meeting on Friday (8 February).
The combination of a full-year of contributions from Roadways Container Logistics (RCL), and “significant progress” in its distribution business saw turnover hit nearly £200m and pre-tax profit rise 75% at Maritime Transport.