Hargreaves Services is confident it can rebuild turnover and profit in its logistics business after the division suffered a 47% drop in operating profit to £2.3m last year. Turnover in its logistics operation fell from £68.3m to £54.5m in the year to 31 May 2016, which it mainly attributed to changes in waste movements following a clarification of waste classification by HMRC. It said the sale of Imperial Tankers to Sutton Group in 2014 accounted for some £7.3m of the drop in turnover. […]
Scottish multimodal operator John G Russell boosted pre-tax profit by 8% last year despite suffering from floods, sluggish rates and disruption on cross-channel routes.
The MD of Potter Logistics has described the 2013/14 financial year as another excellent one for the Selby-based business, with a near 50% increase in pre-tax profit.
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.