NFT Distribution reported profit up but turnover down in its first trading year under the ownership of private equity backer EmergeVest. For the 12 months to 31 March 2015, turnover fell 4% to £162.6m, compared with £169.4m the previous year. Pre-tax profit rose 28.7% to £2.2m. NFT said the dip in turnover was mostly due to a reduction in volume-related pass-through costs in open-book contracts, and lower fuel surcharge revenues. However, it also cited 18 new customers being added to […]
TNT UK’s pre-tax loss ballooned to £22.1m last year ahead of its acquisition by FedEx Corporation in May 2016.
A shortage of suitable subcontractors contributed to a squeeze on margins at automotive logistics specialist Brit European Transport in its last financial year.
Profit at Fred Sherwood and Sons (Transport) saw a resurgence in the year to 31 March 2015, climbing almost 70%.