FedEx saw UK turnover and pre-tax profit jump last year as it continued to integrate express carrier ANC into its network. The UK branch of the parcel delivery firm, which came 21st in Motor Transport’s Top 100 for its figures for the financial year ending 2013, saw a 7% increase in pre tax profit on the previous year, rising from £31.9m to £34.2m for the year ending May 2014. Its turnover increased by 5% on the previous year’s results, rising […]
Wincanton looks to be on course to achieve its stated aim of returning to profit this year, despite the impending loss of its finance director. In June Eric Born, chief executive at Wincanton, told MT the company would be back in the black in this financial year, after a pre-tax loss of £47.4m for the year ended 31 March. Extensive restructuring and the disposal of its European business is now starting to bear fruit according to the chief executive, who […]
Associated Cold Stores & Transport (ACS&T) felt the benefit of an upturn in trade due to the Olympics and the Diamond Jubilee last year, with both turnover and profit up year-on-year.
Profit margins continue to be held back by customers’ reluctance to increase rates, John G Russell (Transport) chief executive, logistics, Alan Poulton has warned.