Expect Distribution has blamed a fall in profit on its loss-making two-man delivery service, which ceased operating in May last year, but said that new deals in its contract logistics business will get it back on track. The company saw its pre-tax profit fall by 17.5% to £548,152 for the year ended 30 November 2015 (2014: £664,812). The directors’ strategic report said the fall was, in part, due to the two-man delivery service, “which continued to incur significant losses prior […]
Eddie Stobart saw turnover and earnings grow in the first six months of its financial year, but the cost of refinancing, its stock market listing and the end of an Irish retail contract resulted in a pre-tax loss.
Industry bodies are to collaborate on a new joint initiative to promote the road haulage industry, with a focus on improving its public image and attracting more employees.
The UK’s continuing economic anaemia has forced the road transport industry to cut its cloth in a bid to stay in business. Profits have in many cases come under unsustainable pressure as fuel prices surge, forcing operators to the wall. The current situation has also served to mask a looming driver shortage, according to Skills for Logistics (SfL). This, the sector skills council warns, presents a very real threat to operators’ ability to bounce back when the eventual upswing comes. […]