Conditions in the road transport market have “never been more challenging” the chief executive of Gregory Distribution has said. Talking to Motortransport.co.uk, John Gregory said customers’ procurement departments were using the UK’s economic frailty as an excuse to drive down prices during increasingly frequent tendering exercises. “Margins in this industry are not acceptable,” said Gregory, who has taken the tough decision to shed underperforming business and take a turnover hit rather than keep unprofitable work. “I personally think there can’t […]
Framptons Transport Services was in rude financial health when it was acquired by Gregory Distribution earlier this year, according to its most recent filing at Companies House.
Maxi Haulage saw an increase in turnover in the financial year ending 30 September 2014, continuing its growth streak of recent years.
A “satisfactory” fourth quarter left French logistics giant Norbert Dentressangle with group turnover of €3.88bn (£3.32bn) during 2012 – up 8.5%. The group’s transport division accounted for just over €2bn of this (up 3.7%), despite reduced volumes from some customers; with its contract logistics work adding just under €1.8bn (up 12%), thanks mainly to a strong performance in the UK, Italy and the Netherlands. The firm’s burgeoning freight forwarding activities, meanwhile, generated revenues of €143m (up 67%). Although ND’s total […]