A turnaround plan at HW Coates has borne fruit with both turnover and profit up at the chemicals logistics specialist. The profit rise, which was boosted in part by the introduction of new accounting standards under FRS102, was revealed in the company’s latest annual results posted in Companies House. Leicester-based HW Coates saw its turnover climb 12% to £36.4m (2014: £32.6m) with pre-tax profit almost doubling to £12.07m (2014: £6.3m). Its parent company HW Coates (Holdings), which includes a contribution […]
Bridgend-based John Raymond Transport has endured a tough period but parent company Nolan Transport believes the required changes have now been made to return the haulier to health.
European chemical transport giant Hoyer has acquired the bulk liquid division of Dutch logistics company De Rijke. The deal sees Hoyer take on 240 employees at five De Rijke offices, including its site in Preston Brook, Cheshire. Across Europe Hoyer will add to its operations: 1,500 tanker containers, 130 tractors and 300 tanker trailers and chassis. Günter-Friedrich Maas, head of the Chemilog business unit at Hoyer, said: “We will be gaining market share, particularly in our relations to and from […]
Royal Mail’s parcels revenue has overtaken letters for the first time and now represents 60% of its entire turnover, according to the postal group.