Rising demand for warehouse space and a welter of contract wins helped boost Howard Tenens’ group turnover from £57.1m to £64.7m in the year to 30 September 2014. However the cost of updating the company’s transport and warehousing software depressed profits in the period. The company’s annual results for the year to September 30 2014 showed pre-tax profits declined from £3.9m to £3.5m and operating profits down £1.5m to £3m. Jamie Hartles, a director at Howard Tenens and head of […]
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.
The MD of Currie European has warned that customer rates must increase in 2014, to keep pace with the growing cost of running a haulage business.
Redhead Freight is continuing to make progress after its acquisition by Schenker, which saw the reverse integration of loss-making DB Schenker Logistics into the business.