Fowler Welch has reported a broadly static half-yearly revenue for the period ended 30 September, achieving £78.1m (2013:£78.2m), with its operating margin also holding firm at 2.7% (2013:2.7%). The company said overall operating profit fell 11% to £1.6m (2013: £1.8m) as a result of expected start-up losses at a new joint venture in Teynham, Kent, which launched in May, storing, ripening and packing stone-fruit and exotic and organic fruits. However, it added that margins were encouraging in this business, with […]
Technical problems continue to plague the MT Tracker – so I’m afraid we cannot bring you any graphs of share price performance again this week – which is a shame as the industry’s performance on the stock market continues to go from strength to strength with operators hitting record highs.
Fowler Welch’s move into ambient distribution alongside its chilled business is already paying dividends as MD Nick Hay tells Steve Hobson Although Nick Hay – MD of Fowler Welch since November 2010 – has, like the firm he runs, a background in chilled distribution, he sees ambient markets as far more happy hunting grounds. As Stobart’s withdrawal from the chilled market demonstrates, this has become a price-led commodity business where operators struggle to make money.
Malcolm Group is more than just a family haulier: it’s a multi-modal 3PL with road, rail and warehousing; it’s a construction and civil engineering giant and one of the most prominent logistics employers in Scotland’s central belt. MT ranks the firm as the 22nd largest in the UK industry by turnover, and its family name sits alongside Stobart, Turner and Sutton in the annals of British haulage.