Framptons Transport Services was in rude financial health when it was acquired by Gregory Distribution earlier this year, according to its most recent filing at Companies House. For the financial year ending 28 June turnover had risen from £16.9m to £17.8m, while pre-tax profit rose to approximately £1m, from £601,812. Average employee numbers also rose year-on-year to 251, from 236. The Somerset-based haulier was bought by Gregory Distribution on 9 April and has continued to trade under the Framptons brand […]
Willenhall-based express delivery firm Aspray24 has attributed a fall in profitability last year to the introduction of the Driver CPC and driver shortages.
A committed customer base and varied operations helped Kent-based R Swain & Sons grow both turnover and pre-tax profit last year.
Regulatory approval for the multi-billion euro UPS and TNT Express merger is dependent on whether the new company would be challenged enough by its competitors, the European Commission has said. If the deal is approved, the number of major parcel delivery companies in Europe will be reduced from four to three, which the regulator is concerned will reduce the amount of competitive service customers will have access to. Joaquín Almunia, vice president of the European Commission, responsible for competition policy, […]