New business, better marketing and an emphasis on streamlining appear to have paid off for Cumbrian firm Stalkers Transport Services, which posted a pre-tax profit of just under £35,000 for the year to 30 September after two years of heavy losses. Turnover fell from £6.7m in the previous financial year to £5.7m, but it made a profit compared to a loss of nearly £125,000 the previous financial year and an even more hefty loss of nearly £290,000 the year before […]
Turnover at Ceva Logistics fell 6% in the first three months of 2013, while its profit halved as the company continued with its cost reduction measures.
Expansion into international distribution should add around £1m a year in turnover this year, Manchester-based operator AK Worthington (AKW) has predicted. Having started daily services to nine overseas countries with weekly services to eight more, contributed to a 5.9% rise in the year to 30 June 2012 in annual turnover to £10.66m (2011: £10.06m) AKW’s turnover in the year was also boosted by passing more business through haulage consortium Partnerlink, which it is a shareholder in. Although AKW’s profit before […]
Competition for HGV drivers is pushing wages up and heaping pressure on operators, warns Meachers Global
Rising driver wages look set to exacerbate the current squeeze in labour supply, Meachers Global Logistics MD Stuart Terris has warned. Commenting on the financial performance of the firm in the year to 31 May – which notched up a 25% increase in turnover with a 67% rise in pre-tax profit – Terris pointed to the ongoing driver shortage and fuel price volatility as the two main operational headwinds facing the company. On the former, he said: “We’re on top […]