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 […]
Ocado is to develop a fourth hub in south-east London, as the popularity of online shopping continues to drive the need for more capacity.
Simon Gibson Transport saw its pre-tax profit fall by 38% in 2019, but it pointed to an impressive performance overall despite “ever increasing demands of the modern logistics environment”.
A strong performance in Wincanton’s contract logistics business saw turnover jump in the first half of its financial year, but losses in its Pullman Fleet Services division slowed profit growth.