Profit rises 56% at Jack Richards & Son

October 31, 2012 Robin Meczes

Fakenham, Norfolk haulier Jack Richards & Son has reported a 56% rise in pre-tax profit, and £2.3m rise in turnover, for the year ending 31 May 2012. The firm said the increase was down to a number of factors, including a slight hardening in rates, successful efforts to improve fuel consumption, a fortuitously-timed Christmas break and a number of new contracts that helped cut empty running. Turnover at the vehicle operator rose almost 9% during the year, from £25.6m to […]


TNT Express blames challenges in Europe for profit fall

October 31, 2012 Ashleigh Wight

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 […]


Potter Group Logistics delivers profit leap

October 31, 2012

Potter Group Logistics has credited stringent cost control, which hasn’t come at the expense of good  customer service, for a 27% jump in annual pre-tax profit. Matthew Lamb, MD of Potter Group Logistics, said:  “As always our focus is on delivering first class customer service. “We have achieved this while applying rigours controls on overheads across all areas of the business.” As a result, pre-tax profit in the year ended April 2012 was £1.04m (2011: £817,000), with turnover 2.8% ahead […]


FedEx Express sets itself tougher green goals

October 31, 2012 Steve Hobson

Global express carrier FedEx Express is well on its way to achieving its goal of increasing the fuel efficiency of its vehicle fleet by 20% on 2005 levels by 2020. Steve Hobson asks Will Martin, MD of the UK operation, how it is being achieved here. Back in 2008, FedEx Express set itself the goal of reducing fuel consumption of its worldwide ground vehicle fleet by 20% on 2005 levels by 2020. By the end of its 2011 financial year, […]

Industry News

FairFuelUK gets duty rise message across to Treasury officials

October 30, 2012 Laura Hailstone

Treasury minister Danny Alexander has pledged to review FairFuelUK’s (FFUK) economic report, which shows that the planned 3ppl duty rise in January will result in 35,000 job losses and reduce GDP growth by 0.1%. During a landmark meeting yesterday (29 October) with FFUK and its major backers the FTA and RHA, the chief secretary to the Treasury made a firm commitment to look closely at the Impact of fuel duty on the macro-economy report, produced by the National Institute for […]


Parcelforce reveals £75m investment programme

October 30, 2012 Ashleigh Wight

Parcelforce Worldwide is to invest £75m in its network and hubs over the next four years, creating 1,000 new jobs. The investment, which is part of parent company Royal Mail Group’s strategy to expand its express parcel business in the UK and internationally, will also see the opening of a new parcel processing centre in Chorley, Lancashire, as well as two additional depots in Cornwall and Hampshire. There are also plans for nine of its 53 existing depots across the […]

Industry News

Raising fuel duty will destroy jobs and hinder economic growth

October 29, 2012 Laura Hailstone

The government’s planned 3ppl fuel duty rise scheduled for January will result in 35,000 job losses and reduce GDP growth by 0.1%, FairFuelUK (FFUK) told the Treasury today (29 October). A detailed report produced for FFUK by the National Institute for Economic and Social Research (NIESR) reveals that as a result of these lost jobs and damage to growth, the planned fuel duty hike would only bring in half the expected extra tax revenue – £800m instead of £1.5bn. However, […]


Buoyant UK logistics market benefits Norbert Dentressangle

October 29, 2012 Derren Hayes

A “buoyant” UK logistics market helped Norbert Dentressangle (ND) boost overall third quarter 2012 revenue by 10% to €2.9bn. Turnover growth was reported across all three of ND’s business divisions, with much of this down to the acquisition of new business. Logistics revenue for Q3 2012 increased 6.4% compared to Q3 2011, with like-for-like income up 2%. Year-to-date, logistics division revenue is 13.7% ahead at €1.3bn (2011: €1.15bn). Transport operations fared less well in Q3, with revenue down 0.1% to […]

Industry News

Vosa clamping down on illegal drivers without Initial Driver CPC

October 29, 2012 Steve Hobson

Vosa is cracking down on LGV drivers who took their test after September 2009 and are driving illegally because they have not acquired their Initial Driver CPC. Drivers who acquired their LGV licence before September 2009 have until September 2014 to get their Driver CPC, by completing 35 hours of periodic training. Most professional drivers who have taken their first LGV test since September 2009 are required to pass all four modules of the test, and so obtain their Driver […]