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 […]
Wincanton has found home is where the heart is as customers in the DIY and home retail sectors drove growth at the operator. At the same time it has begun surgery to return its industrial and transport division to health.
Howard Tenens Logistics’ first full year of trading delivered more than £66m in turnover and pre-tax profits of £4.7m.
Nick Hay has joined the board of tech start-up Connected2, which provides an Uber-style agency platform to the HGV driver market.