Following the themes of recent weeks the big winner in the Motor Transport tracker is Hargreaves Group – even if the performance of its transport group is slightly off target. On Thursday 28 February Hargreaves Group published its interim results for the six months ended 30 November 2012. Within its overall performance it noted that transport turnover increased by £300,000 from £39.7m to £40m. However underlying operating profit decreased by £100,000 from £2.2m to £2.1m. Hargreaves noted that its tanker […]
Autologic is in talks with Stobart Group over a potential cash offer by the Cumbrian giant for the number one operator in UK automotive logistics. The Northampton-based operator, which revealed a turnover of £144.7m and a pre-tax profit of £2.1m for the year ending 31 December last month, says that there is “no certainty that an offer for the company will be made or proposed”. Stobart is required to either announce a firm intention to buy Autologic, or withdraw its […]
Canute Haulage Group creditors stand to lose millions of pounds following the sale of the business earlier this month via a pre-pack administration.
As we enter the ‘fourth industrial revolution’, we are beginning to reap the benefits of digital technologies in the supply chain, from cloud-based transport management systems and AI, through to 3D printing and fleet telematics. Digitisation of the supply chain is a challenging process but one that presents opportunities if properly embraced, says Chris Fenton, MD, Industrial & Transport at Wincanton.