Stobart Group has reported a busy Christmas in its transport and distribution businesses, as EBIT (earnings before interest and tax) for the final four months of 2013 grew. In its interim management statement covering the period from 1 September 2013 to today (17 January), it confirmed that all of its businesses are continuing to make steady progress, but conceded that more work needed to be done to achieve its long-term goals. In order to reduce debt, it also continues to […]
Expansion into international distribution should add around £1m a year in turnover this year, Manchester-based operator AK Worthington (AKW) has predicted. Having started daily services to nine overseas countries with weekly services to eight more, contributed to a 5.9% rise in the year to 30 June 2012 in annual turnover to £10.66m (2011: £10.06m) AKW’s turnover in the year was also boosted by passing more business through haulage consortium Partnerlink, which it is a shareholder in. Although AKW’s profit before […]
Ambitious Bradford-based operator Advanced Supply Chain has launched a consultancy service offering logistics advice to SMEs. The operator, which has predicted a turnover of £100m within five years, is targeting the new Consultancy Plus service at smaller businesses. The first company to benefit from the new service, Lancashire-based soft furnishings supplier J Rosenthal & Son, has already made improvements to operational management, staffing, strategic thinking and recruitment. Mike Danby, chief executive at Advanced Supply Chain, said: “We decided to bring […]
The price of fuel has little effect on the profitability of logistics companies and isn’t the primary cause of failures in the industry, the Motor Transport Directors’ Club was told last month.