Profit at Hargreaves Services’ transport division plummeted by more than£1m in the six months to November 2015, as the company was hammered by adverse conditions in the coal, steel, construction and waste markets and unseasonably warm winter weather. The fall in the transport division’s profits is worse than Hargreaves predicted in its profit warning last December, when it forecast a fall of £500,000 for the period. Reporting its interim results to November 2015 this week, Hargreaves Services said its transport […]
Wincanton has reversed heavy losses and is “back on track” – despite a 9.6% fall in turnover – after a turbulent two years that saw it sell its loss-making European activities and exit a poor performing market in the UK.
Adverse weather conditions hit volumes in Kuehne + Nagel’s road and rail logistics division, which saw an 85% drop in first quarter EBITDA.
Price increases and a rise in parcel volumes have contributed to Royal Mail Group’s continuing rise in annual profit and turnover, the firm said today.