South Wales haulier John Raymond Transport suffered a drop in pre-tax profit of over 99.7% in the last financial year, accounts lodged at Companies House have shown. Despite a 4.8% increase in turnover to £21.2m in the year to the end of September 2014 (2013: £20.2m), the company’s pre-tax profit fell from £56,532 to just £153. The additional £1m of turnover generated during the year appears to have been completely eroded by a rise in the cost of sales, up […]
Confidence among logistics operators has surged in the last six months with nearly 85% expecting their turnover to increase during 2014, a new survey has shown.
The UK road transport sector saw a 20% surge in suppliers’ bad debts in the second quarter of 2017, according to the latest Creditsafe Watchdog Report.