Royal Mail has said it delivered a “resilient performance in challenging markets” despite its group profit falling by a third in the last year. For the year ending 27 March 2016, pre-tax profit fell 33% from £400m to £267m despite turnover increasing 1% year-on-year to £9.2bn (2015: £9.3bn). Turnover derived from GLS, its European operation, was up 9% at £1.6bn, although Royal Mail said it expected this level of growth to slow in the coming years. Turnover from UKPIL – […]
Maritime Transport has reported an 11th consecutive year of revenue growth.
Logistics business groups have welcomed the Chancellor of the Exchequer’s series of measures to get the economy back on its feet, but warned that further initiatives are needed to prevent a slew of job losses.
Devereux Developments, which trades as Devereux Transport and Distribution, fell into the red last year following a “slight” fall in turnover, according to its latest annual results.