Pre-tax profit fell by almost a third at UK Mail in a year that saw the group move to a new hub and fit-it with incompatible parcel sorting technology. For the year ended 31 March 2016, UK Mail recorded pre-tax profit of £14.4m (2015: £20.1m). The company reported it had had “teething issues” with its new technology at its Rydon site after the six months ended 30 September saw its pre tax profit fall by 80%. Since then, the loss […]
Share prices in the industry have not changed dramatically since last week. Most have seen a small increase in value, apart from Stobart, which saw its share value remain static.
A combination of winning and retaining business and improving efficiency helped turnover and pre-tax profit at Wincanton grow in the first half of this year.
International Swiss-based freight and logistics business Kuehne + Nagel reaped the benefits of its long term growth strategy with record results in the 12 months to 31 December 2011. Globally, K+N saw net profit rise to CHF606m (£421m) on turnover of CHF19.6bn (£13.6bn), increases of 12.2% and 9% respectively after the effect of the strong appreciation of the Swiss franc against K+N’s major trading currencies was stripped out, according to Tim Scharwath, vice-president for global air logistics. In K+N’s four […]