Goldstar Transport is set to move to new premises after a year of strong growth. Reporting its annual results to 31 July 2015, the Felixstowe-based container haulier revealed a profit boost of more than 22% from £1.8m to £2.2m in a filing at Companies House. Annual turnover increased 18% from £75m to just short of £89m in the same period. The company attributed its growth to a number of contract wins, the expansion of its vehicle and dedicated sub-contractor fleet […]
The price of fuel has little effect on the profitability of logistics companies and isn’t the primary cause of failures in the industry, the Motor Transport Directors’ Club was told last month.
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.
Rising driver wages and greater use of agency staff to combat recruitment difficulties contributed to a second year of reduced profit for Felixstowe-based container haulier James Kemball.