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 […]
Wincanton has sold off its UK commercial vehicle repair and maintenance company, Pullman Fleet Services (PFS) to asset management firm Aurelius as it focuses on its more profitable core markets.
Biffa delivers better than expected Q1 performance, despite challenge of Covid-19 and driver shortage
Covid-19, the HGV driver shortage and supply chain issues are creating some “near term” challenges for Biffa, the waste haulier reported ahead of its AGM.
While Motortransport.co.uk did not see as many industry insolvencies or closures in 2016 as in previous years, there were still a number of high-profile cases that shocked the transport sector.