John Mitchell (Grangemouth) has reported a significant rise in profit after cost-control measures and a focus on its warehousing arm. For the year ending 31 March, the haulage and warehousing business recorded a turnover largely static compared with last year, at £13.2m. However, pre-tax profit increased almost fourfold to £346,707 (2015: £88,530). MD Iain Mitchell said control of the company’s costs helped drive much of its profit. “We are tight on that. We have focused more on the warehouse side […]
The logistics sector has suffered its biggest fall in confidence since 2015 as concerns grow about the possible impact of Brexit.
Wincanton said trading had been resilient during the first six months of 2020, with a focus on opportunities in growth markets starting to reap benefits.
The financial standing system should be completely reviewed when the UK leaves the EU, according to the FTA.