DX Group has issued a profit warning, citing the shortage of HGV drivers as a key factor in driving up costs. In a trading update the company warned that a driver shortage, pricing pressures, volume erosion at its secure delivery service DX Exchange, and the slow conversion of its new parcels business pipeline had contributed to a 5.3% revenue fall in the first four months of this year, compared with the previous quarter. “The board now expects profits will be […]
Royal Mail offset declining letter volume with its growing parcels operation in a year that saw it surpass the £10bn turnover mark for the first time, but saw pre-tax profit fall by more than a third (37%).
John Mitchell (Grangemouth) has reported a significant rise in profit after cost-control measures and a focus on its warehousing arm.
Reed Boardall Group saw pre-tax profit rise almost 60% last year despite “fierce competition” in the transport industry and rising fuel costs.