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 […]
Scottish multimodal operator John G Russell boosted pre-tax profit by 8% last year despite suffering from floods, sluggish rates and disruption on cross-channel routes.
C Butt Logistics has delivered on last year’s promise to return to the black for the first time since 2014.
Glasgow haulier John G Russell (Transport) has warned the distribution sector of a “difficult” 12 months ahead as costs keep rising while rates and profit margins continue to stagnate. Alan Poulton, chief executive, logistics at the group, told MT the firm was finding it increasingly difficult to squeeze further efficiencies out of its operation and said that, in terms of rates: “We are not getting, and have not got for some time now, an increase that reflects the quality and […]