UK Mail expects volume growth in its parcels division to slow down in the second half of this year as it continues to feel the effects of a weakened retail market and poor volumes in the second quarter. Turnover in its parcels division increased 3.4% to £109.4m (2013: £105.8m) in the first half of this year, while operating profit increased marginally to £11.2m. Average daily parcel volumes increased 6%, but the majority of volume growth came in the first quarter […]
Chester-based third party logistics provider Great Bear Distribution has said it “performed well” last year after raising turnover by over 12% and pre-tax profit by nearly 8%.
The Nightfreight name will disappear from UK roads as its parent company, DX Group, revealed its fleet will be re-liveried as it strengthens the acquisition it made last year.
Potter Group Logistics has credited stringent cost control, which hasn’t come at the expense of good customer service, for a 27% jump in annual pre-tax profit. Matthew Lamb, MD of Potter Group Logistics, said: “As always our focus is on delivering first class customer service. “We have achieved this while applying rigours controls on overheads across all areas of the business.” As a result, pre-tax profit in the year ended April 2012 was £1.04m (2011: £817,000), with turnover 2.8% ahead […]