APC blames changing market for falling profit


APC Overnight blamed changing types of freight for the dip in pre-tax profit that it saw in the last financial year. The parcel delivery network saw its profit drop by 31% in the year ended 31 March 2015, falling from £3.5m to £2.4m. APC chief executive Jonathan Smith (pictured) told Motortransport.co.uk that this was because of “significant changes in the market” which saw members having to deal with “a greater variety in traffic”. “The simple reality is that larger, heavier […]