Hargreaves Services has warned that its transport division’s operating profit may fall by £500,000 this year due a decline in the coal, steel and construction markets. The warning came in a pre-close update issued by the County Durham-based company this week. It said that the continuing deterioration in the coal and steel markets and unusually warm winter weather had created short term volume and margin pressure across the group. Breaking the business into sector performance it said the transport division, […]
The new owner of Osborne Motor Transport is looking to grow the firm’s turnover by £1m to £4.5m over the next three years, expand its newly liveried fleet and move to new premises.
Stobart Group has reported a busy Christmas in its transport and distribution businesses, as EBIT (earnings before interest and tax) for the final four months of 2013 grew.
NFT Distribution reported profit up but turnover down in its first trading year under the ownership of private equity backer EmergeVest.