Cambridgeshire haulier Welch’s Transport has said that trading is on a “reasonably upward trend” after it saw volume improvements in its transport business in its most recent financial year. Turnover fell slightly at £11.6m for the year-ending 31 December 2014, from £11.9m in the previous year. However, pre-tax profit rose by more than 14% to £118,753 compared with £103,809 a year ago. However the figures include a contribution from its Duxford and Peterborough dealerships WTL Truck and Van Centres as […]
The collapse of British Steel stopped Prestons of Potto making a profit last year, but its owner said the Northallerton company was now back in the black.
Ceva Logistics has postponed its proposed float on the New York Stock Exchange (NYSE) as it looks to restructure its balance sheet and stem its shrinking profits.
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 […]