Marks & Spencer shaved 8.3% off its distribution costs last year. In its latest results, for the year ended 28 March 2015, the retail giant spent £408.7m on its distribution activities, down from £445.5m the previous year. Savings were attributed to a combination of new contractual terms with long-term food logistics operator Gist, benefits from the first stage of its network restructure, and lower volumes in general merchandise. M&S announced in 2009 that it would be moving from 110 smaller, […]
Gist blamed one-off pension costs and retailers’ squeezing of supply chain providers for a 23% fall in pre-tax profit last year, but it still saw turnover rise by 7.2%. For the year ended 31 December 2011 pre-tax profit fell to just under £18.8m, from £24.5m the previous year. However, turnover rose 7.2% year-on-year from £379m to £406m. Gist chief executive Martin Gwynn told Motortransport.co.uk: “Business performance remains robust. Excluding the effect of the one-off pension charges, profit increased year-on-year despite […]
Which companies have won the most Motor Transport Awards? Well, just three companies have got into double figures. Read on to find out… TNT TNT, in all its forms, has won 32 MT trophies, including a record six victories in the Customer Care category and a record seven in the Training category. It has won in 12 different categories, starting with Marketing Campaign of the Year in 1986 and culminating in Training in 2011. For all its success, TNT only […]
The first of a series of strikes by Gist drivers over a pay dispute has been suspended for talks to take place, though plans for a further 11 strikes remain.