Turnover at the transport division of Hargreaves Services have risen in the past 12 months, however its profit fell marginally as its tanker division struggled. Hargreaves Logistics turnover increased by £5.4m from £77.3m to £82.7m for the 12 months ending 31 May. However operating profit fell slightly to £4m, from £4.1m a year ago. In a statement the firm said: “The bulk fleet exceeded our internal expectations having benefited from higher than normal coal shipments as power stations increased their […]
The UK MD of Hoyer Petrolog, the German bulk transport giant, has said that Britain is “experiencing very mixed general economic conditions and fragile confidence” after the company saw turnover and profit dip.
Hoyer UK MD Mark Binns has said he is “confident” this year will be better than last after the firm reported widening losses for the 12 months to the end of December.
“Challenging.” That seems to the fashionable description for the tough economic times in which we find ourselves. Capital budgets are being cut to the bone – and then trimmed some more. That’s where our sister website, www.commercialmotor.com’s series of free Buyers’ Guideswill come in handy to road haulage businesses. Cutting a route through the purchasing jungle to find the shortest path to the wisest buys the independent Buyers’ Guides cover all topics – from AdBlue to yard counterbalance trucks, with more […]