Stobart Group saw turnover in its core transport and distribution division climb in the first half of its financial year despite “considerable demand volatility”, although profit was flat. Revenue for the transport and distribution division increased 33% to £297.5m (2012: £222.9m), with the former Autologic business acquired in August of last year providing £54.5m of this. Stripping out the contribution from the now rebranded Automotive, turnover in the six months ended 31 August 2013 was £243m, representing growth of a […]
Fred Sherwood & Sons (Transport) saw pre-tax profit fall 18% last year with turnover also declining by 5% in the period.
Turnover at Boughey Distribution fell during the first half of its current financial year, after the loss of a customer was not offset with enough new business. In a statement issued today by parent company NWF Group covering the six months ended 30 November 2012, it was revealed that turnover at Boughey Distribution fell 17.5% to £18.9m (2011/12: £22.9m). Boughey Distribution was hit particularly hard by the loss of a contract with AB World Foods in the period, which caused […]
DSV has blamed a first quarter dip in turnover and EBITDA in its road division on “fierce competition” and a reduction in average consignment size.