NFT Distribution recorded a pre-tax loss in the 12 months to 2 April 2016 after exceptional costs of £7.1m, although the operator said it was now well placed to prosper. The bulk of the costs related to a “major incident” that saw the M1 closed for 18 hours on 2 December 2015 and the start of a new client contract at Daventry. “These costs are provided for in full but are still the subject of detailed negotiations, which precludes us […]
TNT Express saw a 13% drop in EMEA operating profit in the third quarter, despite a 3,2% turnover rise, due to “challenging trading conditions in Europe”. The parcel firm, which last week received a statement of objections from the European Commission ahead of its acquisition by UPS, did not perform as well in its EMEA operations as it had during the same period in 2011, its Q3 trading results revealed. Reported operating profit margins fell from 6.4% in Q3 2011 […]
The sale of NFT Distribution Operations to EV Cargo Logistics does not include the firm’s Tilbury refrigerated distribution centre, it has emerged.
Adjusted EBITDA at Ceva Logistics doubled to $80m (£51.6m) during the second quarter of 2013 as it continues to restructure its balance sheet and experience more growth in the UK.