Clipper Logistics has more than doubled its pre-tax profit in the first half of the financial year, as it felt the benefit of a multitude of contract wins. The Leeds-based operator saw its pre-tax profit rise 53% in the six months ended 31 October 2015 to £5.5m (2014: £3.6m); turnover grow 27% to £141.5m (2014: £111.6m). The company said its financial performance was particularly strong because additional revenue from the flurry of new contracts it signed over the course of […]
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.
Competition for HGV drivers is pushing wages up and heaping pressure on operators, warns Meachers Global
Rising driver wages look set to exacerbate the current squeeze in labour supply, Meachers Global Logistics MD Stuart Terris has warned. Commenting on the financial performance of the firm in the year to 31 May – which notched up a 25% increase in turnover with a 67% rise in pre-tax profit – Terris pointed to the ongoing driver shortage and fuel price volatility as the two main operational headwinds facing the company. On the former, he said: “We’re on top […]
Chester-based third party logistics provider Great Bear Distribution has said it “performed well” last year after raising turnover by over 12% and pre-tax profit by nearly 8%.