Ferguson Transport (Spean Bridge) increased turnover by almost 11% last year, despite downturns in some of the sectors it operates in. The Highlands haulier said sales had increased to £16.4m in the year ending 30 April 2015, up from £14.7m in 2014. However, pre-tax profit fell to £120,000, compared with £881,000 the previous year. In its latest financial accounts the company said it had increased turnover “across a broad base of revenue streams” and that its net asset position had […]
Costs associated with the opening of a new cold store last October at Boroughbridge, Yorkshire-based food logistics specialist Reed Boardall Group had a significant effect on the firm’s pre-tax profit for the year, it has emerged.
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 […]
TNT Express has admitted that it is unlikely to hit its profit improvement target for 2015, following an increase in competitive pressures and poor trading conditions in Europe.