Bibby Distribution Services (Holdings) slipped into the red to the tune of almost £4m in the year to 31 December 2012, compared with a £4.5m operating profit the previous year. This was the result of a £7.5m loss at its subsidiary System Training. Bibby Distribution chief executive Iain Speak said the distribution business made a “reasonable” profit considering it was still incurring restructuring costs after a series of acquisitions in the past three years. Speak said action had been taken […]
Confidence among senior managers in the UK logistics industry remains high, but has fallen slightly since 2014, according to the twice-yearly UK Logistics Confidence Index commissioned by Barclays and Moore Stephens.
The administrator for contract hire and rental firm Axis Fleet Management said it now looked likely both former staff and trade creditors will receive some of their money back.