DSV Road MD René Falch Olesen said that the economy in 2012 had affected the firm’s profit in what was a “satisfactory” year for the operator. Financial results for the year ended 31 December 2012, which were published earlier this month, showed that turnover was down 3.2% to £179.3m (2011: £185.4m), while pre-tax profit fell 41% to £5.6m, compared to £9.7m in the previous year. Falch Olesen said: “We were very happy with the results under the circumstance that the […]
A revival in activity within the construction sector helped ET Holdings more than treble profit before tax in the year to the end of March 2014, from £192,000 to just under £760,000.
Glasgow haulier John G Russell (Transport) has warned the distribution sector of a “difficult” 12 months ahead as costs keep rising while rates and profit margins continue to stagnate. Alan Poulton, chief executive, logistics at the group, told MT the firm was finding it increasingly difficult to squeeze further efficiencies out of its operation and said that, in terms of rates: “We are not getting, and have not got for some time now, an increase that reflects the quality and […]
New research suggests operators’ expectations of growth this year could be hamstrung by a lack of innovation within the road transport sector.