Turnover at Ceva Logistics fell 6% in the first three months of 2013, while its profit halved as the company continued with its cost reduction measures. Adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) fell to €31m (£26m), compared to €66m in the first quarter of 2012. Global turnover fell to €1.6bn, compared to €1.7bn in the same three months a year ago. Ceva CEO Marvin Schlanger said: “The weak economic conditions impacting the global logistics industry continued to […]
Confidence among logistics operators has surged in the last six months with nearly 85% expecting their turnover to increase during 2014, a new survey has shown.
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 […]