Turnover decreased by 1%, while pre-tax profit was static at Fowler Welch as it off-set the full year impact of the closure of its European operating base in the Netherlands with new contract wins and organic growth. In the year-ending 31 March 2015 turnover at the Dart Group subsidiary fell to £151.7m (2014: £153.2m) but pre-tax profit was unchanged at £3.3m. Its 500,000 ft² shared user storage and distribution site in Bury, Greater Manchester increased revenues by 6% year-on-year, while […]
A combination of improved productivity and reconfigured warehousing space helped Fowler Welch improve its profit margin in the six months ending 30 September. While parent Dart Group did not break down the profit performance of its transport and distribution arm, it did reveal that turnover for the period rose 8% year-on-year to £80.3m (2011 H1: £74.2m). MD Nick Hay said: “Our operating margins are better than for the first half year of 2011/12 due to further revenue growth, improved fleet […]
Yearsley Logistics has completed the first phase of its new £20m northern ‘superhub’ in Heywood, Greater Manchester.
Stobart Group is to discontinue its chilled operations “as a stand alone unit” insisting that the “change will not affect Stobart’s national network solution for customers”. In an interim management statement today (17 January), Stobart said the Eddie Stobart transport and distribution division continued to perform in an uncertain economic environment but its chilled operations remained very challenging. MT.co.uk understands that discontinuing the chilled operations – primarily the former Innovate Logistics business it acquired out of administration in July 2008 […]