Challenging market conditions in the UK and Europe combined with the loss of a major fashion contract saw pre-tax losses widen and turnover fall at TNT UK last year. Its annual results for the year to 31 December 2014 showed a 2.4% drop in turn-over to £725m last year (2013: £742m). Pre-tax losses increased almost threefold to £18.6m (2013: £6.4m). The directors’ report attributed declines to depot changes as well as major roadworks close to its sorting hubs, which it […]
Removals firm Pickfords raised its profit before tax by 141% in the year to 30 September 2014, its latest annual accounts have shown.
Yusen Logistics is to spend some £9m upgrading its fleet and IT systems after merging its road transport operations with its air and sea freight forwarding businesses last year. Some £7m will be spent on a combination of vehicles and mechanical handling equipment as well as trailers including pillar-less tri-axles with sliding suzies, and its Department for Transport allocation of five 15.65m trailers. The IT investment will see £2.2m spent on infrastructure and its transport management software. MD Ian Veitch, […]