UK Mail’s forced move to new premises has had a disastrous short-term impact on the business with full-year profit now expected to be half that achieved last year, the company warned today. Due to the advance of HS2, UK Mail moved to what should be an almost fully-automated new hub in Ryton, Coventry from its previous home in Birmingham, which was purchased by the DfT. The operator had hoped the switch would see it increase the proportion of parcels it […]
Boughey Distribution parent NWF Group saw turnover at the division drop 14.2% last year and operating profit halved, due to difficult market conditions and poor consumer spending in supermarkets.
Technical problems continue to plague the MT Tracker – so I’m afraid we cannot bring you any graphs of share price performance again this week – which is a shame as the industry’s performance on the stock market continues to go from strength to strength with operators hitting record highs.
Bibby Distribution has become the latest operator to commit to a fleet refresh, with MAN set to deliver a total of 450 TGX tractors to the business during the next 18 months. An initial 55 Euro-5 units have already entered service in the Bibby fleet, with 131 scheduled for delivery in September. The remaining 264 TGX 440s will be presented throughout 2013. All units are fitted with Microlise telematics, so by the end of next year the whole Bibby fleet […]