Christmas may be cancelled for some container operators enduring flat volumes instead of the usual autumn surge as retail customers remain cautious about stocking up for the gift-giving season. Roadways Container Logistics MD Nick Matthews is not expecting a reversal in the coming months. “Christ-mas in the container industry comes early in the year; typically September, October and November. September has not seen a significant increase on prior months and some of the largest shipping lines are not predicting much […]
Ipswich-based Go Freight Transport has closed its doors and appointed an insolvency practitioner.
The fallout from the bankruptcy of Hanjin Shipping is likely to be far reaching with hauliers operating out of Felixstowe potentially facing writing off large debts.
Container haulier Goldstar Transport saw an 8.6% increase in turnover and a pre-tax profit rise of 35% in the 12 months ending 31 July 2012. The Felixstowe-based haulier, which has depots in Tilbury, Rochester, Southampton, Bristol, Liverpool, Birmingham and Wakefield, said in its annual report that turnover rose from £65.4m in the previous financial year to £71m. Pre-tax profit increased to £2.1m from £1.6m in 2011. In the report the firm added that gross profit margin had increased to 11.5%, […]