Wincanton looks to be on course to achieve its stated aim of returning to profit this year, despite the impending loss of its finance director. In June Eric Born, chief executive at Wincanton, told MT the company would be back in the black in this financial year, after a pre-tax loss of £47.4m for the year ended 31 March. Extensive restructuring and the disposal of its European business is now starting to bear fruit according to the chief executive, who […]
Hargreaves Services’ logistics division has felt the impact of Brexit, after a UK port delayed a £7m earthworks project in light of the EU referendum result.
City Link’s profit and volumes suffered as it fell victim to lower than expected demand during the Olympic Games. The parcel firm posted a turnover of £76.2m for the three months ending 30 September, a 2.4% increase on the same period in 2011. It is the first time City Link has reported year-on-year growth in the last five years, Managing Director Dave Smith said. It made an adjusted operating loss of £5.5m in the third quarter, a 19.1% rise on […]