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 […]
Contract changes and one-off project costs contributed to Gist’s annual profit plunging by more than half last year, according to the firm’s latest results.
Leeds-based Groupe Samat UK pulled itself out of the red last year, company results for the year to 31 December 2012 have revealed.
Proposals to grant business groups the power to challenge unfair payment terms on behalf of their members are being considered by the government.