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 […]
UK Mail saw its profit tumble by more than 80% in the six months ending 30 September 2015, after its relocation to a new hub and “teething issues” with the facility’s technology.
DX Group’s new management team said last week that its turnaround strategy was gathering pace at the embattled business.
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 […]