Ceva Logistics has postponed its proposed float on the New York Stock Exchange (NYSE) as it looks to restructure its balance sheet and stem its shrinking profits. In May 2011, Ceva, which is owned by affiliates of Apollo Global Management, revealed its intentions to file for an initial public offering (IPO) on the NYSE. However, yesterday it reported a 22% fall in annual pre-tax profit which its chief executive Marvin Schlanger labelled “not good enough”. Speaking to MotorTransport.co.uk, Rubin McDougal, chief […]
The acquisition of House of James by Potter Logistics last year has helped contribute to a 52% growth in turnover for the York-based firm.
Goldstar Transport said the 17% increase in its pre-tax profits last year was down to winning additional business from its existing client base.