Steve Porter Transport enjoyed a busy summer, with a jump in drop-trailer movements during the period. The Isle of Wight haulier, which runs a drop-trailer service from Southampton to the island making use of Red Funnel ferries, saw drop-trailer movements increase by almost a quarter from the 13 January to 13 August to reach 9,885. This was an increase of 1,947 trailer movements from 7,938 in the corresponding period a year ago. Steve Porter Transport MD, Malcolm Gibson, said: “We […]
Hargreaves Services is to “ration” expenditure in its logistics division after it suffered a 91% fall in operating profit last year due to competitive pressure.
Pressure on rates has led to Felixstowe-based container specialist Macintyre Transport reporting a 9% fall in pre-tax profit despite a near 11% rise in turnover. Turnover in the year to 30 April 2012 rose from £19.3m to £21.4m due to organic growth, said chairman Harvey Macintyre; pre-tax profit, however, fell from £895,000 to £813,000. Much of the profit slide was attributable to stagnant rates, said Macintyre. “We have been very proactive in taking costs out of the business since 2008, […]
Bartrums has posted a combined turnover of £26.7m for its road services and haulage and storage arms, down on the previous year’s results, but pre-tax profit showed an improvement.