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 company posted a pre-tax profit of £2.91m in the year to 31 March 2016, up from £2.69m in the same period the previous year. Turnover fell 2.4% to £61m from £62.5m. Chief executive Alan Poulton said a focus on core distribution services and improving margins had helped its performance. This included ending its loss-making rail service […]
Yodel owners, the Barclay family are thought to be considering offloading the troubled company.
There’s a funding issue to be addressed in 2013 according to the transport commissioners’ annual reports, but operators aren’t expected to foot the bill. Roger Brown reports. Senior traffic commissioner (TC) Beverley Bell said her top priority during the coming year will be to hold talks with Vosa chiefs to ensure TCs continue to be properly resourced and financed. In the Traffic Commissioners’ Annual Reports for 2011-12, Bell explained that as their work is paid for by operators who have […]
Former Pall-Ex and Fortec member Transol Worldwide Logistics has been placed in liquidation after it appointed administrators earlier this year, owing £739,810.