Economic pressures take their toll on CM Downton

A harsh economic climate, growing costs and rising customer resistance to rates increases all left Gloucestershire-based haulier CM Downton struggling to raise its profit level significantly, despite a 13.8% increase in turnover in the year to the end of June 2012. Group turnover excluding joint ventures rose from £78.3m to £89.1m during the year, while pre-tax profit rose just 3.6%, from £6.1m to £6.3m. The firm, which was named Haulier of the Year at the Motor Transport Awards 2012 for […]