New research suggests operators’ expectations of growth this year could be hamstrung by a lack of innovation within the road transport sector.The latest UK Logistics Confidence Index, conducted by Analytiqa, for Barclays and Grant Thornton reveals that more than half of respondents (53%) expect profits to increase in the next six months. Rob Riddleston, head of transport and logistics at Barclays Commercial Bank, said this optimism about profitability could have more to do with firms deciding to turn down unprofitable […]
A combination of organic growth in its same-day distribution business and the acquisition of six companies last year helped courier firm CitySprint increase its turnover.
Transport and logistics firm Rhys Davies & Sons marked its sixtieth anniversary last year with a 58% rise in profit, the firm’s latest annual results statement has revealed.
Global group Gefco, which owns Gefco UK, saw revenues fall by almost a fifth last year after Covid-19 forced the closure of its customers’ car manufacturing plants.