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 […]
The basket of MT shares has only drifted northwards by 7p in the past seven days. But growth at the rate of a penny a day is a fair old shift for a traditionally quiet time of year in the road transport industry, indicating that there is a lot of sentiment backing the success of Britain’s transport firms.
Chester-based third party logistics provider Great Bear Distribution has said it “performed well” last year after raising turnover by over 12% and pre-tax profit by nearly 8%.