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 […]
Hargreaves Services’ transport division, Hargreaves Logistics, saw both turnover and operating profit increase in the first six months of the current financial year.
Abbey Logistics Group has acquired the majority of the assets and customer base relating to the bulk powder transport business of Seafield Logistics.
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.