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 […]
Highbridge, Somerset-based RT Keedwell Holdings boosted its pre-tax profit almost 25-fold in the year to 31 October 2012, reporting pre-tax profit of £198,000 compared to just £8,000 the previous year as it recovered from a serious downturn in the construction sector.
Competition for HGV drivers is pushing wages up and heaping pressure on operators, warns Meachers Global
Rising driver wages look set to exacerbate the current squeeze in labour supply, Meachers Global Logistics MD Stuart Terris has warned. Commenting on the financial performance of the firm in the year to 31 May – which notched up a 25% increase in turnover with a 67% rise in pre-tax profit – Terris pointed to the ongoing driver shortage and fuel price volatility as the two main operational headwinds facing the company. On the former, he said: “We’re on top […]