Some of road transport’s biggest companies could face a hit to their cash flow after the chancellor signalled he was bringing forward corporation tax deadlines forward yesterday. BNP Paribas Leasing Solutions said plans announced in yesterday’s Emergency Budget by George Osborne to bring forward corporation tax deadlines for businesses with profits of more than £20 million – thirteen of MT’s Top 100 companies – will have a substantial impact on their cash flow. The government estimates that bringing forward the […]
Hicks Logistics has moved into warehousing after the acquisition of a 20,000ft² industrial unit next to its Caldicot base on the Severn Bridge Industrial Estate. The company hopes the diversification will boost its annual turnover from £7.5m to around the £10m mark, and has taken on ten more staff taking its team to 80.
Government plans to reallocate road space is based on a “fantasy” and should be reconsidered, according to the RHA.
Logistics UK has called on the government to scrap plans to ramp up fuel duty to help pay for the Covid-19 crisis.