Hargreaves Services’ logistics division has felt the impact of Brexit, after a UK port delayed a £7m earthworks project in light of the EU referendum result. In a trading update the company warned that its transport and earthworks divisions are at risk due to their exposure to the construction sector and to public sector projects, many of which could be delayed due to the economic uncertainty caused by Brexit. The trading update stated: “On a negative note the group has been […]
The Transport Committee is calling on the freight industry to contribute to its inquiry into the potential impact of Brexit on the sector.
A property revaluation was responsible for scuppering the bottom line at Bradford-based Expect Distribution in the year to the end of November 2012. It was enough to turn the previous year’s profit before tax of £432,500 into a loss of more than £943,700, despite a 14% rise in turnover from £15.8m to £18.1m.