Food distribution specialist Fowler Welch more than doubled its operating profit in the first half of the current financial year, its interim report shows. Released today, the results for the six month period ending 30 September 2015 show a 118% increase in the firm’s operating profit to £3.5m (2014: £1.6m). However its revenue saw a 7% fall from £78.1m to £72.3m. The results show the company, which is the logistics and distribution arm of parent company Dart Group is operating […]
Hargreaves Services is to “ration” expenditure in its logistics division after it suffered a 91% fall in operating profit last year due to competitive pressure.
Pressure on rates has led to Felixstowe-based container specialist Macintyre Transport reporting a 9% fall in pre-tax profit despite a near 11% rise in turnover. Turnover in the year to 30 April 2012 rose from £19.3m to £21.4m due to organic growth, said chairman Harvey Macintyre; pre-tax profit, however, fell from £895,000 to £813,000. Much of the profit slide was attributable to stagnant rates, said Macintyre. “We have been very proactive in taking costs out of the business since 2008, […]
MT Partnership Award winner Miniclipper Logistics is planning further expansion and investment after a record performance this year.