Goldstar Transport said the 17% increase in its pre-tax profits last year was down to winning additional business from its existing client base. The Felixstowe container haulier turned in a profit of £1.8m in the year ending 31 July 2014, with turnover increasing by almost 9% to £75.2m. Goldstar said the increase in turnover reflected the company boosting its average fleet size for the year, from 290 to 324 vehicles. Director Matthew Ashworth said it chose to purchase most of […]
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 […]
Birds Groupage Services’ auditor has raised concerns over the future of the loss-making company.
The logistics sector defied the economic uncertainty surrounding Brexit with a fall in company failures in the third quarter of the year, according to a new report.