Abbey Logistics Group is to reboot its expansion strategy following a “self-imposed” pause on growth during 2015. It is back on the acquisition trail looking to expand in mainland Europe, or enter the UK chemical transportation market, having secured £13.5m of funding from HSBC. Two-time MT Haulier of the Year winner has also set itself the target of reaching £70m of turnover by 2020. The Bootle-based operator has grown from £18m in financial year 2009 to £45m turnover for the […]
Bulk haulage firm Fred Sherwood & Sons saw its pre-tax profit tumble by three quarters to £644,000 last year as the firm battled declining asset resale values, rising fuel prices and pay rate pressures.
Royal Mail has said it delivered a “resilient performance in challenging markets” despite its group profit falling by a third in the last year.