Profit at Fred Sherwood and Sons (Transport) saw a resurgence in the year to 31 March 2015, climbing almost 70%. The rise marked a significant recovery in the firm’s fortunes since 2014, when it saw pre-tax profit fall by a third. The haulier’s annual accounts showed pre-tax profit up from £944,077 in 2014 to £1.6m in 2015. Turnover also rose in the same period to £38.6m up from £37.9m in 2014. In its report pubished at Companies House, the company […]
Start up problems with a “restaurant chain” contract played a “significant” role in a 95% plunge in DHL Supply Chain’s profit last year.
Transport firms facing collapse in the wake of the Covid-19 pandemic have been thrown a lifeline in the form of a new law.
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 […]