Since the multi-billion Euro UPS/TNT deal was stalled by the European Commission last month, questions surrounding what the companies plan to do next have been raised. The EC’s decision has made approval for UPS to take over another carrier look unlikely and analysts say the year-long deal has been a distraction for TNT’s management. So where do they go from here?
A continued move from straight transport to logistics activities including warehousing, packing and freight forwarding helped Glasgow-based Gordon Leslie Group achieve a 20% rise in pre-tax profit in the year to 30 September 2012. Turnover in the year fell around 8% to £4.8m (2011: £5.2m), but profit before tax came in at just over £487,000 (2011: £405,000). MD Craig Leslie said the firm had made a “fairly conscious move” in the last two years to reduce its reliance on some […]
Pressure on rates has led to Felixstowe-based container specialist Macintyre Transport reporting a 9% fall in pre-tax profit despite a near 11% rise in turnover. Turnover in the year to 30 April 2012 rose from £19.3m to £21.4m due to organic growth, said chairman Harvey Macintyre; pre-tax profit, however, fell from £895,000 to £813,000. Much of the profit slide was attributable to stagnant rates, said Macintyre. “We have been very proactive in taking costs out of the business since 2008, […]
DHL has closed one of its DCs in the North-West after one of the site’s major customers reviewed its entire transport operations. The firm plans to move operations which are part of its Supply Chain division at its Widnes, Cheshire site to its existing Avonmouth, Somerset, and Radlett, Herts, sites, following the relocation of a contract with kitchen maker Howdens Joinery from Merseyside to Howden, East Yorkshire. Subject to consultation, DHL also plans to establish a new hub in Howden […]