Despite new business wins and growth in average storage volumes, turnover at Boughey Distribution remained flat last year. In its annual results for the year ended 31 May 2014, parent company NWF Group revealed that Boughey, its food distribution division, signed a number of long-term contracts during the year, boosting storage volumes at the business. NWF claimed overall storage levels at Boughey reached an average of 97,000 pallets during the year, compared to 93,000 the year before, but total loads […]
Competition for HGV drivers is pushing wages up and heaping pressure on operators, warns Meachers Global
Rising driver wages look set to exacerbate the current squeeze in labour supply, Meachers Global Logistics MD Stuart Terris has warned. Commenting on the financial performance of the firm in the year to 31 May – which notched up a 25% increase in turnover with a 67% rise in pre-tax profit – Terris pointed to the ongoing driver shortage and fuel price volatility as the two main operational headwinds facing the company. On the former, he said: “We’re on top […]
Pre-tax profit fell by almost a third at UK Mail in a year that saw the group move to a new hub and fit-it with incompatible parcel sorting technology.
Crewe, Cheshire-based Brit European Transport made a dramatic return to profit during 2011, recording a pre-tax profit of £334,000 compared to pre-tax loss of £453,000 the previous year. Turnover in the year to 31 December rose 20% from £20m to £24m, all but £2m of which was generated in the UK. The firm, which specialises in car, CV, plant and equipment and lift truck transport, as well as bulk tanker work, said there had been “stability and in some cases […]