Tilbury, Essex-based haulage, freight forwarding and logistics firm Arcese UK said it is working to address its business performance after suffering a 90% fall in profit over the past two years. Turnover in the year ending 31 December 2014 fell 4% to £23.02m (2013: £24.07m), while pre-tax profit dropped 85% to just under £37,000 (2013: £258,000). This is the second year running that profit has been hit hard at the Italian-owned firm. Last year’s pre-tax profit was 30% down on […]
Cardiff haulier Rhys Davies suffered a 50% fall in revenue with losses mounting to £3.5m in the year after it was bought by Cathay Investments, motortransport.co.uk has learnt.
One of the largest warehouses within the M25, offering the potential to reach 21 million consumers within two hours, has been granted planning permission.
Essex-based freight forwarder and haulier Simarco has purchased Longport-Staffordshire based IFB for an undisclosed sum.